Business, 16.12.2019 18:31 katwilf1771

Tracy, an owner of an s corporation, has beginning basis of $13,000 in stock of the s corporation. during the year, tracy contributed an additional $4,000 to partially offset the share of the s corporation’s net operating loss, which was $7,000 for this year. at the beginning of the year, tracy received a $1,000 distribution from the s corporation. what was tracy’s basis at year end in the s corporation stock?

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Tracy, an owner of an s corporation, has beginning basis of $13,000 in stock of the s corporation. d...

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