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Business, 21.04.2020 03:27 nataliahenderso

Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each shareholder has a $400,000 stock basis as of January 1, 2015. At the beginning of 2015, Money has an AAA of $300,000 and AEP of $600,000. During 2015, Money has an operating income of $100,000. At the end of the year, Money distributes securities worth $1,000,000, with an adjusted basis of $800,000. b. At the end of the year, before the distribution, each shareholder's basis is $___after the distribution, each shareholder's basis is $ . Each shareholder has $ of dividend income.

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Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each ow...
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