Can you be sure to use the label name for each box when affiliating a number. Thanks! At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E \& P of $75,250. The corporation generates no additional E \& P during the year. On December 31 , the corporation distributes $112,875 to its sole shareholder, Abby, whose stock basis is $22,575. How is the distribution treated for tax purposes? If an amount is zero, enter "0". As a result the distribution Abby has the following: - Dividend income: \& - Return of capital: $ - Capital gain: \& - Stock basis after the distribution:.