Gene Grams is a 45% owner of a calendar year S corporation during 2008.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 2008.His beginning stock basis is $230,000,and the S corporation reports the following items.
  
Calculate Grams' stock basis at year-end.

Quizplus · Accepted Answer

The Answer of Gene Grams is a 45% owner of a calendar year S corporation during 2008.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