Portland LLC was formed in 20x2 and elected to be taxed as a as an S corporation on the first day. Since the entity has always been taxed as an S corporation, it has no AE&P. Bess, the 100% shareholder, has the following: 20x6 Adjusted Basis in Stock Before Distribution 20,000 20x5 Loan from Bess to Portland LLC 10,000 20x6 Distribution to Bess 26,000 How much, if any, of the $26,000 distribution is taxable to Bess?