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S corp distribution to member in excess of basis, is excess a capital gain to member or a reduction of basis to other members

VPBC1
Level 2
 
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sjrcpa
Level 15

Capital gain to the shareholder receiving the distribution in excess of basis.


ex-AllStar

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sjrcpa
Level 15

Capital gain to the shareholder receiving the distribution in excess of basis.


ex-AllStar

View solution in original post

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