, Taxpayer A had a basis of $80,000. ABC Corporation provided a distribution of...

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Accounting

, Taxpayer A had a basis of $80,000. ABC Corporation provided a distribution of $30,000 on June 1,2024 to Taxpayer A. For 2024, Taxpayer A was allocated $50,000 of ordinary income and no separately stated items. What is Taxpayer As basis in ABC Corporation?
A. $30,000
B. $0
C. $80,000
D. $100,000

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