Samantha owned 1,000 shares in Evita, Inc. an S corporation, that uses the calendar year. On October 11, 2010, Samantha sells all of her Evita stock. Her basis at the beginning of 2010 was $60,000. Her share of the corporate income for 2010 was $22,000, and she receives a distribution of $37,000 between January 1 and October 11, 2010. What is her basis at the time of the sale?

1 answer

$45,000
Similar Questions
    1. answers icon 0 answers
    1. answers icon 0 answers
  1. hamza messaoudiA private corporation Group of answer choices is owned by thousands of people who buy shares on the stock market
    1. answers icon 1 answer
  2. you can email me if you wanti have more. A man owned 75 shares of stock worth $50 each. The corporation declared a dividend of 8
    1. answers icon 2 answers
more similar questions