S Distributions Name PROBLEM 1: 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 $125,000 at the time of the distribution. E&P Distributio Tax Free Dividen End ROC 250,00 0 250,00 50,000 100,000 150,00 0 150,00250,00 150,000 50,000 50 200 0,000250,00200,000 Part 2: Again, the shareholder's basis is $125,000. There is a distribution of property that has a fair market value of $50,000 and a tax basis to the S corporation of $40,000. What is the result of this distribution? This corporation has AAA of $40,000 BEFORE considering the distribution itself Corp RO C End Amnt Basis PROBLEM 2: An S corporation that was formerly a C corporation sells an asset for 300,000. The asset had a basis to the corporation of $200,000. This asset is subject to the built-in-gains tax, and all of the gain realized from the sale was built-in at the date of conversion from a C corporation to an S corporation. Part A: What is the result to the S corporation? 4 points