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At the beginning of the year, Clampett, Incorporated, had $ 1 0 0 , 0 0 0 in its AAA and $ 6 0 ,
At the beginning of the year, Clampett, Incorporated, had $ in its AAA and $ of earnings and profits from prior C corporation years. During the year, Clampett, Incorporated, earned $ of ordinary income and paid $ in distributions to its shareholders. Assume that JD owns percent of Clampett, Incorporated, his basis in Clampett, Incorporated, at the beginning of the year is $ and his share of the distribution was $ How much total income does JD recognize this year from these transactions?
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