Question
S Distributions A distribution of money is made from an S corporation to its sole shareholder. Determine the tax consequences by completing the table below.
S Distributions A distribution of money is made from an S corporation to its sole shareholder. Determine the tax consequences by completing the table below.
In each case the shareholder's basis is $130,000 at the time of the distribution.
| AAA | E&P | Distribution | Tax Free ROC | Capital Gain | Dividend | End Basis | End AAA |
| 150,000 | 50,000 | 110,000 |
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| 150,000 | 50,000 | 300,000 |
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| 150,000 | 350,000 | 300,000 |
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| 450,000 | 350,000 | 300,000 |
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| 50,000 | 10,000 | 200,000 |
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| 50,000 | 250,000 | 200,000 |
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
12th Edition
0324381980, 978-0324381986
