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2. Tamra has been the sole shareholder of a calendar year 5 corporation since 1979. Early in April when the corporation was highly profitable, she

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2. Tamra has been the sole shareholder of a calendar year 5 corporation since 1979. Early in April when the corporation was highly profitable, she received a distribution of $17,000, and her stock basis was $500. Corporate-level accounts at the end of the year were as follows: AAA OAA $6,000 9,000 Accumulated E&P 600 How much will Tamra be taxed on the April distribution? Source 3. Tamra's share of her corporation net operating loss is $230,000 this year. Her stock basis is $200,000, and he is personally liable to repay debt up to $180,000. She does not materially participate or meet the rental income exception. Personally, she has $100,000 of passive income. What net operating loss would flow through to the shareholder? Source

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