- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
According to TurboTaxDanielV:
They are reported in Box 16 with a code of D. The distributions are tax-free to the shareholders provided they have enough basis in the S-corp to absorb the distributions. (The distributions reduce shareholder basis in the corporation.)
‎January 24, 2020
9:48 AM