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Jean Is a Shareholder in Parrot Corporation, a Calendar Year

Question 118

Multiple Choice

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: ​
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. 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:

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