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Author Question: Tonya is the 100% shareholder of a corporation established five years ago. It has always been an S ... (Read 96 times)

Zoey63294

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on: Sep 13, 2020
Tonya is the 100% shareholder of a corporation established five years ago.  It has always been an S corporation.  After adjustment for this year's corporate income, but before taking distributions into account, Tonya has a $50,000 stock basis.  The corporation pays Tonya a $60,000 cash distribution.  As a result of this distribution, Tonya will have an ending stock basis and recognize income of

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Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by Zoey63294 on Sep 13, 2020

CAPTAINAMERICA

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Zoey63294

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Reply 2 on: Sep 13, 2020
Wow, this really help

lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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