Question: Polly has been the sole shareholder of a calendar year

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

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  • CreatedMay 25, 2015
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