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Business, 01.07.2019 16:10 mimiloveyuhh

Holbrook, a calendar year s corporation, distributes $15,000 cash to its only shareholder, cody, on december 31. cody's basis in his stock is $20,000, holbrook's aaa balance is $8,000, and holbrook holds $2,500 aep before the distribution. according to the distribution ordering rules, complete the chart below to indicate how much of the $15,000 is from aaa and aep as well as how cody's stock basis is affected.

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Holbrook, a calendar year s corporation, distributes $15,000 cash to its only shareholder, cody, on...
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