Gene Grams is a 45% owner of a calendar year S corporation during the tax year. His beginning stock basis is $230,000, and the S corporation reports the following items.

Calculate Grams's stock basis at year-end.

Question

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

Quizplus · Accepted Answer

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

Gene Grams Is a 45% Owner of a Calendar Year