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Business, 09.12.2019 23:31 ddmoorehouseov75lc

Holbrook, a calendar year s corporation, distributes $108,400 cash to its only shareholder, cody, on december 31. cody's basis in his stock is $130,080, holbrook's aaa balance is $48,780, and holbrook has $16,260 aep before the distribution. according to the distribution ordering rules, complete the chart below to indicate how much of the $108,400 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 $108,400 cash to its only shareholder, cody, on...

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