Business, 06.11.2019 22:31 micheleflorack
Greene is the sole shareholder of seagull, a calendar-year s corporation. greene's basis at the beginning of the year is $15,000. seagull reported an ordinary loss of $5,000 and $2,000 of municipal bond interest for the year. seagull distributed cash of $6,000 to greene on november 1. what is greene's basis in seagull at the end of the year?
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Greene is the sole shareholder of seagull, a calendar-year s corporation. greene's basis at the begi...
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