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Gene Grams is a 45% owner of a calendar year so beginning stock basis is $230,000, and the Scorp Year S corporation during the tax
Gene Grams is a 45% owner of a calendar year so beginning stock basis is $230,000, and the Scorp Year S corporation during the tax year. His les corporation reports the following items. Ordinary income $72,000 Short-term capital gain 16.000 $ 1231 loss 6,000 Tax-exempt interest income 5,000 Calculate Grams's stock basis at year-end
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