Mar 27, 2024
2:06:48pm
2:06:48pm
If the S corporation has E&P, a distribution to shareholders may result in:
(1) a reduction of shareholder’s basis; (2) a taxable dividend; or (3) gain from the sale of the stock.
That was the short answer. Here's a more detailed and nuanced description if you're really interested:
That was the short answer. Here's a more detailed and nuanced description if you're really interested:
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