Assume the business is an S corporation which has accumulated E&P from its years as a C
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Assume the business is an S corporation which has accumulated E&P from its years as a C corporation of $1,000,000 (Karl's share is $200,000) and AAA of $200,000 (Karl's share is $40,000). When the S corporation makes a distribution to Karl of $400,000, how will this distribution be taxed?
Related Book For
Entrepreneurial Finance
ISBN: 978-1305968356
6th edition
Authors: J. Chris Leach, Ronald W. Melicher
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