Question

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


$1.99
Sales0
Views239
Comments0
  • CreatedMay 25, 2015
  • Files Included
Post your question
5000