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Level 3
December 7, 2019
Solved

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

  • December 7, 2019
  • 1 reply
  • 8 views
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Best answer by sjrcpa

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

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

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

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