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Business, 26.12.2019 05:31 nataliatf3062

Typing, inc. has been an s corporation since its inception. on july 4, 2019, typing distributed $50,000 to jerusha. her basis in typing stock on january 1, 2019, was $35,000. for 2019, she was allocated $6,000 of ordinary income from typing and no separately stated items. what is the amount of income jerusha recognizes related to typing in 2019?

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Typing, inc. has been an s corporation since its inception. on july 4, 2019, typing distributed $50,...
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