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Maya owned all of the shares of Exeter, Inc., an S-Corporation. On April 21, Maya sells all of her Exeter stock. Maya's stock basis at
Maya owned all of the shares of Exeter, Inc., an S-Corporation. On April 21, Maya sells all of her Exeter stock. Maya's stock basis at the beginning of the tax year was $60,000. Exeter's ordinary income through April 21st was $22,000 and she received a distribution of $35,000 on March 3rd. What is Maya's basis in Exeter at the time of the sale
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