Germaine, the sole shareholder in Nomad Corporation, has a basis in his stock of $18,000...
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Accounting
Germaine, the sole shareholder in Nomad Corporation, has a basis in his stock of $18,000 at the beginning of the year, the corporation has taxable income of $9,000 for the year. in addition, the corporation has a short-term capital loss of $1,200 and tax-exempt income of $800. What is Germaine's basis in his stock at the end of the year?
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