Business, 13.12.2019 01:31 chris3633

Clampett, inc., has been an s corporation since its inception. on july 15, 2020, clampett, inc., distributed $50,000 to j. d. his basis in his clampett, inc., stock on january 1, 2020, was $30,000. for 2020, j. d. was allocated $10,000 of ordinary income from clampett, inc., and no separately stated items. what is j. d.'s basis in his clampett, inc., stock after all transactions in 2020?

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Clampett, inc., has been an s corporation since its inception. on july 15, 2020, clampett, inc., dis...

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