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Business, 05.05.2020 16:29 kaykayhodge
On January 2, 2019, David loans his S corporation $10,000. By the end of 2019 David's stock basis is zero and the basis in his note has been reduced to $8,000. During 2020, the company's operating income is $10,000. The company makes 2020 distributions to David of $11,000. David reports a(n
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On January 2, 2019, David loans his S corporation $10,000. By the end of 2019 David's stock basis is...
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