Clampett, inc., has been an s corporation since its inception. on july 15, 2020, clampett, inc., distributed $50,000 to j. d. his basis in his clampett, inc., stock on january 1, 2020, was $30,000. for 2020, j. d. was allocated $10,000 of ordinary income from clampett, inc., and no separately stated items. what is j. d.'s basis in his clampett, inc., stock after all transactions in 2020?

$20,000

Explanation:

J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is as follows:

Allocated ordinary share income from Clampett, Inc. =    $10,000

Add: Capital gain from distribution in excess of basis:

Distributed portion =                        $ 50,000

Less: J.D.'s basis in Clampett =       $(30,000)

Less: Ordinary income from the

allocation of distributive share=       $(10,000)                    

Capital gain                                                                       =  $10,000

                                                                                           = $20,000

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

answer: kevoto

explanation: be healthy