S Distributions Name ___________________________ 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 $90,000 at the time of the distribution.

AAA E&P Distribution Tax Free ROC Capital Gain Dividend End Basis End AAA

50,000 -0- 50,000

250,000 50,000 100,000

50,000 -0- 80,000

250,000 20,000 150,000

50,000 100,000 200,000

250,000 250,000 600,000