Question: Which of the following items will decrease Sandy's at-risk basis? a. Sandy's contribution of $10,000 in exchange for stock in the Danny's Dream S corporation
Which of the following items will decrease Sandy's at-risk basis?
a. Sandy's contribution of $10,000 in exchange for stock in the Danny's Dream S corporation
b. Sandy's $3,000 distribution from the S corporation
c. Her share of the S corporation's ordinary business income of $2,500
d. The FMV of the S corporation stock she was given for services rendered to the S corporation
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