Dugger, a calendar year S corporation since Year 1, has two shareholders who each own...
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Dugger, a calendar year S corporation since Year has two shareholders who each own shares of stock, which each shareholder purchased for $ Mr C one of the shareholders, loaned Dugger $ on June Year and $ on May Year Dugger had $ ordinary income on December Year Both shareholders reported their share of the corporation's income on their individual returns for Year For Year Dugger reported an ordinary loss of $ No distributions were made in Year or Year by the corporation. What is the adjusted basis of Mr Cs stock on December Year Question Select one: A $ B None of these C $ D $ E $ F $
Dugger, a calendar year S corporation since Year has two shareholders who each own shares of stock, which each shareholder purchased for $ Mr C one of the shareholders, loaned Dugger $ on June Year and $ on May Year Dugger had $ ordinary income on December Year Both shareholders reported their share of the corporation's income on their individual returns for Year For Year Dugger reported an ordinary loss of $ No distributions were made in Year or Year by the corporation. What is the adjusted basis of Mr Cs stock on December Year
Question
Select one:
A
$
B
None of these
C
$
D
$
E
$
F
$
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