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each partner and each partner's basis in his or her partnership interest at the end of each year. 29. For each of the following items,
each partner and each partner's basis in his or her partnership interest at the end of each year. 29. For each of the following items, indicate whether the item will increase, decrease, or cause no damage in the S corporation's ordinary income (loss), AAA, and in the shareholder's stock basis. The corporation was formed four years ago and made its $ election two years ago. During the time it was a C corporation, it accumulated $30,000 of E&P. the corporation has no distributed any of the accumulated E&P
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