During the Post-Termination Transition Period, Property Distributions Are Tax-Free to Shareholders
True/False
During the post-termination transition period, property distributions are tax-free to shareholders to the extent they do not exceed the S corporation's AAA balance and the individual shareholder's basis in the stock.
The distribution must be made in cash to be tax-free.
Correct Answer:
Verified
Correct Answer:
Verified
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