At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E 8.9 of 332,000 . The corporation generates no additional E Q. P during the year, On December 31, the corporation distributes
$50,000
to its sole shareholder, Abby, whose stock basis is 510,000 . How Is the distribution treated for tax purposes? If an amount is zero, enter "0". As a result the dietribution Abby has the following: Dividend income:
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Return of capital:
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Capital gain: 1
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Stock basis after the digtribution:
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