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Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2023, Clampett, Incorporated, distributed $50,000 to J.D. His basis in his Clampett,

Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2023, Clampett, Incorporated, distributed $50,000 to J.D. His basis in his Clampett, Incorporated, stock on January 1 2 answers

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