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Tracy, an owner of an S corporation, has beginning basis of $13,000 in stock of the 5 corporation. During the year, Tracy contributed an additional
Tracy, an owner of an S corporation, has beginning basis of $13,000 in stock of the 5 corporation. During the year, Tracy contributed an additional $4,000 to partially offset the share of the S corporation's net operating loss, which was $7,000 for this year. At the beginning of the year, Tracy received a $1,000 distribution from the 5 corporation. What was Tracy's basis at year end in the S corporation stock? $17,000 $11,000 $9,000 $15,000
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