Jean is a shareholder in Parrot Corporation, a calendar year S corporation. During the year, Jean's share of the pass-through from Parrot is:
If Jean's basis in the Parrot stock was $100,000 at the beginning of the year, her basis at the end of the year is:
A) $45,000.
B) $55,000.
C) $65,000.
D) $95,000.
E) None of the above.
Correct Answer:
Verified
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