Distributions in Excess of AAA

nicole93 · ‎01-31-2022

I am working an amendment for a client, but I am stuck on this one thing. This client has always been an S Corp so there is no AEP. I know distributions cannot take AAA negative, but losses can. I am trying to tie retained earning to AAA. I know the difference is the distributions that could not take AAA negative. Is this a permanent difference?

sjrcpa · ‎01-31-2022

Yes.

The more I know, the more I don't know.

Distributions in Excess of AAA

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