Thank you Patricia. But what about this from irs:
Important Things You Should Know:
- A non-dividend distribution in excess of stock basis is taxed as a capital gain on the shareholder's personal return. It is a long-term capital gain (LTCG) if the S corporation stock has been held for longer than one year.
link: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-stock-and-debt-basis
