Question: only need the answer, don't need the step. Please answer ASAP! Question 4 5 pts Jack is a 50% shareholder in an S Corporation that

only need the answer, don't need the step. Please answer ASAP!

Question 4 5 pts Jack is a 50% shareholder in an S Corporation that has no E&P. His stock basis is $5,000 on December 31 when he receives a $4,000 distribution from the S Corporation. How much of the distribution is taxable? 0 $5,000 0 $1,500 0 $0 0 $4,000

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