Question: Please help me find the amount and character for Christophers income as well as his ending stock basis Maria and Christopher own Charger Corporation, a

Please help me find the amount and character for Christophers income as well as his ending stock basis

Maria and Christopher own Charger Corporation, a calendar year taxpayer. Distributions from Charger are $750,000 to Maria (stock basis $250,000) on June 1 and $250,000 to Christopher (stock basis $55,000) on September 1. Charger's current E&P is $300,000 and its accumulated E&P is $600,000. Required: a) What is the amount and character of Christopher's income? b) What is Christopher's ending stock basis

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