laquisha converted her sole proprietorship to an S corporation and transferred several assets to the corporation the
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laquisha converted her sole proprietorship to an S corporation and transferred several assets to the corporation the asset cost $ 20,000 with adjusted basis of $14,700 she also spent an additional $ 750 to make conversion to an s corporation. What is her beginning basis in the S Corporation?
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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