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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Linda Escobar

22 May, 08:44

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Kaylyn Kent · Answer 1

Kaylyn Kent 22 May, 12:05

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