Abstract Jamison and Dilley (JD) are to be complimented for a thoughtful article which will make a contribution to the literature on S corporations and shareholders, particularly on the rules applicable before and after the Subchapter S Revision Act of 1982 (SSRA) relating to distributions by S corporations. Nevertheless, it is worthwhile to consider two erroneous positions taken by the authors in order to clarify and extend their article.¹
Lorence L. Bravenec (Sun,) studied this question.