Once invested IN a corporation, shareholders want their money out - they want a return on investment!
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Once invested IN a corporation, shareholders want their money out they want a return on investment! Hank owns of LET THE GOOD TIMES ROLL INC, which he founded on A party and experience company things rocked out! He invested as a sole proprietor years ago into his "little" entertainment center his basis was $ and the fair market value was still only $ when he exchanged it for of the stock of LTGTR INC on Yup, one of those IRC Sec deals! Anyway, that pandemic sucked! But was good, and on the company made a distribution of $ with respect to Hank's stock. He liked it Afterall, the company had $ of Current E&P EACH MONTH in AND, a recent valuation of the company was conducted, and the appraiser said it was worth $ on
what's my basis in my stock after I got this $ distribution?"
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