9. You are a 60% owner of an corporation. Calculate your ending stock basis, based...
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9. You are a 60% owner of an corporation. Calculate your ending stock basis, based upon these facts. Beginning stock basis $52,600 Purchases of additional stock 15.000 Insurance premiums paid (nondeductible) 3,600 Tax-exempt interest income 5.230 Payroll tax penalty 3,770 Decrease in AAA 22,400 Decrease in OAA 5.800 Page 6 of 7
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