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Problem 15-18 (LO. 4, 5) McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the

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Problem 15-18 (LO. 4, 5) McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the following transactions. If an amount is zero, enter "0". a. McLin holds $90,000 of AEP. Tobias, the sole shareholder, has an adjusted basis of $80,000 in his stock. Tobias is paid a $90,000 salary. Ignore the 20% QBI deduction. Tobias recognizes $90,000 of The corporation reports a $ deduction that passes through to Tobias. Tobias' stock basis is $ and he holds a $ loss carryover. b. McLin holds $90,000 of AEP. Tobias, the sole shareholder, has an adjusted basis of $80,000 in his stock. McLin pays Tobias a $90,000 cash distribution from AEP. Tobias recognizes $ stock basis. AEP is $ of with deduction pass-through and has a $

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