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Jean Is a Shareholder in Parrot Corporation,a Calendar Year S

Question 115

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:  Dividend distribution by Parrot $30,000Long-term capital gain 5,000 Operating loss20,000Tax-exempt interest income 10,000\begin{array}{llcc} \text { Dividend distribution by Parrot } &\$30,000 \\ \text {Long-term capital gain } &5,000\\ \text { Operating loss} &20,000\\ \text {Tax-exempt interest income } &10,000\\\end{array}
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 these.

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