The Amount of Any Distribution to an S Corporation Shareholder

question 93

Short Answer

The amount of any distribution to an S corporation shareholder is equal to the ____________________ plus the fair market value of any other property distributed..

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Definitions:

Disenfranchise Blacks

The systematic denial of voting rights to African Americans, through laws and practices, particularly evident in the post-Civil War and segregation eras.

Poll Tax

A tax levied as a fixed sum on every liable individual, historically used in the United States to disenfranchise African American citizens and poor whites.

Grandfather Clause

was a legal or constitutional mechanism used to prevent Black Americans from voting by exempting some people from new requirements if their ancestors had voting rights, effectively disenfranchising many African Americans.

Jim Crow Laws

A series of state and local statutes in the Southern United States, enforcing racial segregation and discrimination against African Americans from the late 19th century until the 1960s.