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Polly has been the sole shareholder of a calendar year S corporation since its inception. Polly's stock basis is $15,5000, and she receivesa distribution of

Polly has been the sole shareholder of a calendar year S corporation since its inception. Polly's stock basis is $15,5000, and she receivesa distribution of $19,000. Corporate-level accounts are as follows. How is Polly taxed on the distribution? AAA $6,000; AEP $500

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