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Given the following information, please calculate the details of the distributions made to the owners of the corporation. a. Alice-30%, basis: 250,000 b. Bob- 30%,
Given the following information, please calculate the details of the distributions made to the owners of the corporation. a. Alice-30%, basis: 250,000 b. Bob- 30%, basis: 150,000 c. Charlie- 10%, basis: 80,000 d. Doug-30%, basis: 200,000 The company has E & P of $750,000. There are multiple levels of distributions made, please calculate the distributions for each of the following amounts: a. The total distributions are $825,000 b. The total distributions are $1,500,000. c. The total distributions are $500,000
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