Paige, a 25% shareholder in an s corporation, had a stock basis of $10,000 at the beginning of the year. the corporation had ordinary income of $200,000 for the year. there were no separately stated items. paige received wages from the corporation of $25,000 and a distribution of $30,000. what was paige's basis in the stock at year end?

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Gianna Floyd

21 July, 02:05

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Scott Baldwin · Answer 1

Scott Baldwin 21 July, 03:05

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