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Ryan is the sole shareholder of an S corporation. Ryan's tax basis in his stock is $1,000. The S corporation obtains a $400 loan from
Ryan is the sole shareholder of an S corporation. Ryan's tax basis in his stock is $1,000. The S corporation obtains a $400 loan from a bank. Ryan does not guarantee the loan. What is Ryan's tax basis in his S corporation stock after the corporation incurs the liability
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