Gene Grams is a 45% owner of a calendar year S corporation during 2011.His beginning stock basis is $230,000,and the S corporation reports the following items.
Calculate Grams' stock basis at year-end.

Question

Gene Grams is a 45% owner of a calendar year S corporation during 2011.His beginning stock basis is $230,000,and the S corporation reports the following items.
  Calculate Grams' stock basis at year-end.

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The Answer of Gene Grams is a 45% owner of a calendar year S corporation during 2011.His beginning stock basis is $230,000,and the S corporation reports the following items.
  Calculate Grams' stock basis at year-end.

Gene Grams Is a 45% Owner of a Calendar Year