Paige, a 25% shareholder in an s corporation, had a stock basis of $10,000 at the beginning of the year. the corporation had ordinary income of $200,000 for the year. there were no separately stated items. paige received wages from the corporation of $25,000 and a distribution of $30,000. what was paige's basis in the stock at year end?

Question

21 December, 17:27

+3

Answers (1)

Know the Answer?

Destiny Horn · Answer 1

Destiny Horn 21 December, 17:41

0

Check google for the answer