tax accounting 10

Project Description:

bill & guilda each own 50% of the stock of radiata corp. an s corporation. guilda's basis in her stock is $25,000. on july 31, 2014 bill sells his stock, with a basis of $40,000 to loraine for $50,000. for the 2014 tax year radiata corp has a loss of $100,375.

a. calculate the amount of the corp's loss that may be deducted by bill on his 2014 tax return
b. calculate the amount of the corp's loss that may be deducted by guilda on her 2014 return
c. calculate the amount of the corp's loss that may be deducted by loraine on her 2014 tax return.

show how to get your answer and this is needed by 10 pm est
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Completed
Total Proposals: 6
1 Current viewersl
170 Total views
Project posted by:

Proposals

Proposals Reputation Price offered