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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

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Level 2
last updated ‎December 07, 2019 12:45 AM
 
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Level 14
last updated ‎December 07, 2019 12:45 AM

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


ex-AllStar

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Level 14
last updated ‎December 07, 2019 12:45 AM

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


ex-AllStar

View solution in original post

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