Previous years cash distributions to a shareholder have reduced his/her stock basis to zero in an S

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Previous years cash distributions to a shareholder have reduced his/her stock basis to zero in an S corporation. How will any further cash distributions be treated for tax purposes if the company continues to have losses?

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Apr 06, 2024 05:56 AM

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Previous years cash distributions to a shareholder have reduced his/her stock basis to zero in an S

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Smith and Roberson Business Law

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