kristyhorton80 kristyhorton80
  • 11-05-2024
  • Business
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franco is a shareholder in an S corporation. At the beginning of the year, he purchased 1500 shares of the corporation for 30000, he then received a K1 reporting his share of the ordinary business income 10000, the only other item on the K1 was a 2000 cash distribution. what is franco's year end adjusted basis in the corporation

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