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WILLIAM IS THE SOLE SHAREHOLDER OF TREMER INC A CALENDAR YEAR S CORPORATION. THE BASIS OF WILLIAM STOCK JANUARY 1,2011 IS 15,000. TREMER INC TAXABLE

WILLIAM IS THE SOLE SHAREHOLDER OF TREMER INC A CALENDAR YEAR S CORPORATION. THE BASIS OF WILLIAM STOCK JANUARY 1,2011 IS 15,000.

TREMER INC TAXABLE YEAR ENDED DECEMBER 31, 2011

SHORT TERM CAPITAL GAIN 0

TAX PENALTIES 1000

TAXABLE LOSS 12,000

SECTION 1231 LOSS 2000

WHAT IS BASIS OF WILLIAM STOCK AT DECEMBER 31, 2011

400

700

12000

18000

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