Question: Select the best answer. According to lan Redpath and Brian O'Sullivan, which of the following is correct regarding a current distribution from an S

Select the best answer. According to lan Redpath and Brian O'Sullivan, which

Select the best answer. According to lan Redpath and Brian O'Sullivan, which of the following is correct regarding a current distribution from an S corporation? OA. The taxpayer receiving the distribution cannot take a loss on the distribution, 0 B. The distribution must be reported as taxable income. O C. The distribution must be reported as a short-term capital loss. D. The distribution must be reported as a long-term capital loss.

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