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You are a 60% owner of an S corporation. Calculate your ending stock basis, based upon these facts. $52,600 Beginning stock basis 15,000 3,600 Purchases
You are a 60% owner of an S corporation. Calculate your ending stock basis, based upon these facts. $52,600 Beginning stock basis 15,000 3,600 Purchases of additional stock 5,230 Insurance premiums paid (nondeductible) 3,770 Tax-exempt interest income 22.400 Payroll tax penalty 5,800 Increase in AAA Increase in OAA
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