Samantha owned 1,000 shares in Evita,Inc. ,an S corporation,that uses the calendar year.On October 11,2015,Samantha sells all of her Evita stock.Her basis at the beginning of 2015 was $60,000.Her share of the corporate income for 2015 was $22,000,and she receives a distribution of $35,000 between January 1 and October 11,2015.Her stock basis at the time of the sale is:

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Samantha's stock basis is calculated as follows: Start with the beginning basis of $60,000, add her share of corporate income of $22,000, and subtract the distribution of $35,000. This results in a stock basis of $47,000 at the time of sale.

Samantha Owned 1,000 Shares in Evita,Inc