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Yelena is a 45% owner of a calendar year S corporation name Easy Corporation during 2013. Her beginning stock basis is $230,000, and Easy corporation
Yelena is a 45% owner of a calendar year S corporation name "Easy Corporation" during 2013. Her beginning stock basis is $230,000, and Easy corporation reports the following items.
Ordinary income | $72,000 |
Short-term capital gain | 16,000 |
1231 loss | 6,000 |
Tax-exempt interest income | 5,000 |
Please calculate Yelena's stock basis at year-end.
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