Question: only need the answer, don't need the step. Please answer ASAP! 102 55 During the year, Scorporation distributes $50,000 to its sole shareholder. S corporation
only need the answer, don't need the step. Please answer ASAP!
102 55 During the year, Scorporation distributes $50,000 to its sole shareholder. S corporation has AAA of $10,000 and E&P of $20,000. Shareholder's stock basis prior to the distribution is $16,000. How much capital gain income does shareholder recognize on the distribution. $0 None of the other answers are correct. $14,000 $4,000
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