An S shareholder's basis is decreased by distributions treated as being paid from AAA.
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Q24: Any distribution of cash or property by
Q25: The termination of an S election occurs
Q26: Tax-exempt income at the corporate level flows
Q27: Pass-through S corporation losses can reduce the
Q28: A capital loss allocated to a shareholder
Q30: Only 51% of the shareholders must consent
Q31: An S shareholder's stock basis is reduced
Q32: An S corporation does not recognize a
Q33: An S shareholder's basis is increased by
Q34: An S shareholder's stock basis can be
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