Margie the sole shareholder of Blue Corp. sold her stock toDanny on July 30 for $390,000. Margie??s basis in her shares at thebeginning of the

Margie the sole shareholder of Blue Corp. sold her stock toDanny on July 30 for $390,000. Margieâ??s basis in her shares at thebeginning of the year was $175,000. Blue had accumulated E&P of$10 2 answers