title = "Pass-Through Entity Distribution Ordering"

content = """
Distributions from partnerships and S corporations are applied in a specific
order for tax purposes. Marble Column CPA applies ordering rules to
determine tax treatment of distributions and tracks basis accordingly.

**Partnerships:** Distributions generally reduce basis first. Distributions
in excess of basis may be gain (especially for money). Property
distributions have different rules. Ordering: cash vs. property,
inside vs. outside basis. Document distribution sequence.

**S Corporations:** Similar: reduce stock basis, then debt basis.
Distribution in excess of basis is generally capital gain. No distribution
of accumulated E&P unless previously C corp; then may be dividend.
Ordering rules in Section 1368. AAA (accumulated adjustments account)
vs. other accounts.

**Planning:** Distribution timing can affect tax. Advise on ordering when
multiple distributions or complex capital structure. Document analysis.
"""  # noqa: E501

version = "0.0.1"
