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  3. jonathan's basis in his s corporation stock is $4,

Jonathan's basis in his S corporation stock is $4,000 at the end of the year...

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Question

Accounting

Jonathan's basis in his S corporation stock is $4,000 at the end of the year before the corporation reports his $1,500 share of income and distributes $2,500 cash to him. What is his basis at the beginning of the following tax year?

a.

0
b.

$2,500
c.

$3,000
d.

$4,000

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