Distributions of which assets during an S corporation's post-termination period receive favorable income tax treatment?

Name: Distributions of which assets during an S corporation's post-termination period receive favorable income tax treatment?
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Question

Quizplus · Accepted Answer

During an S corporation's post-termination period, distributions of cash receive favorable income tax treatment as they can be distributed tax-free to the extent of the accumulated adjustments account (AAA).

Distributions of Which Assets During an S Corporation's Post-Termination Period