Question 6

6 Suppose that at the beginning of 2020 Jamaal basis in his corporation stock is $1200 and he has a $10.200 debt basis associated with a $10.200 loan he made to the corporation in 2020. Jomaal's share of corporation Income is $4,200, and he received a $7.200 distribution from the corporation What Is Jamaal's stock and debt basis after these transactions? Murple Choice so ob 14.400 de basis 30 Ockbe319.200 debt basis O $6,00 Mock box, 310,300 cut base $ $5.00 oC, baix: $2.000 dete bass None of the choices are correct