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During 2019, Polanco, the sole shareholder of a calendar year S corporation, received a distribution of $23,000. On December 31, 2018 his stock basis was

During 2019, Polanco, the sole shareholder of a calendar year S corporation, received a distribution of $23,000. On December 31, 2018 his stock basis was $6,000. The corporation earned $13,000 ordinar...

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