Question 8 10 pts On January 1 Year 1.C, an individual, paid $30,000 for 7...
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Question 8 10 pts On January 1 Year 1.C, an individual, paid $30,000 for 7 percent of the stock in D Corp. an corporation. In November Year 1, he loaned $11,000 to D Corp. In return for a promissory note. D Corp, generated a $750,000 operating loss in Year 1. D Corp, generated $423.000 ordinary business income in Year 2. How much of share of this income is included in his Year 2 taxable income
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