Question
Delilah is a 25% owner in Pinetree Inc., an S corporation and has a basis of $14,000. Pinetree had the following for the current year:
Delilah is a 25% owner in Pinetree Inc., an S corporation and has a basis of $14,000. Pinetree had the following for the current year: Ordinary business loss $100,000 Interest income $ 1,200 Short term capital gain $ 4,000
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