(Answered) Question - tom bass is a 55 owner of a calendar year s

Accounting

Question - Tom Bass is a 55% owner of a calendar year S corporation during 2014. His beginning stock basis is $250,000, and the S corporation reports the following items.

Ordinary income $82,000

Short-term capital gain 26,000

§ 1231 loss 8,000

Tax-exempt interest income 10,000

Calculate Bass's stock basis at year-end.

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