Excess S Distributions

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  • Corduroy Frog
    Senior Member
    • May 2007
    • 601

    #1

    Excess S Distributions

    A distribution from an S corp in excess of Stock Basis is reportable as a Capital Gain.

    What is the holding period to determine whether this is long-term or short-term? If possible, please cite references.

    Thanks in advance...
  • dsi
    Senior Member
    • Dec 2005
    • 705

    #2
    How long have you held the stock? That determines the holding period. Sorry, I can't give you a cite because I'm not in my office.
    Dave, EA

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