Your client has a stock basis in an S Corp of 11. The following items occurred: She received a distribution of 10 that was deemed to come from AAA. Her share of the corporate NOL is (4). Question 36 (0.5 points) 1) Listen Is this distribution taxable to the shareholder, and if so, how? Dividend income of 7. Capital gain of 10. Capital gain of 7. No tax consequences. Dividend income of 10. What is the appropriate tax treatment of her share of the corporate NOL? Ordinary loss (1); the remaining (3) is suspended and carried forward. Ordinary loss (4). No tax treatment. No current year loss but the (4) is suspended and carried forward