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Question 18 3.33 pts At the start of the current year, Formtrosa Corporation (a calendar year taxpayer) has accumulated E & P of positive $50,000.
Question 18 3.33 pts At the start of the current year, Formtrosa Corporation (a calendar year taxpayer) has accumulated E & P of positive $50,000. Formtrosa's current E&P is positive $40,000, and at the end of the year, it distributes $100,000 cash to its 100% shareholder, Anna Anna's stock basis is $7.000 prior to the distribution. What is Anna's basis in the stock after the distribution? $0/None $3,000 $3,500 $100,000 None of the other answer choices are correct. MacBook Pro 4. N
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