Sinclair is a 40% shareholder in Living, Inc., an S-corporation and her basis in her ownership interest as of January 1, Year 1 was $70,000. During Year 1 Living had $100,000 of ordinary income and $10,000 in capital losses. Living also made a $35,000 distribution to Sinclair. Sinclair had no other income during the year. What is the net effect on Sinclair's AGI for Year 1 related to her investment in Living?

the answer is a.

by: nicholas dooley

answer; /// the use of a bank credit card to make purchase;

answerembargo;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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