Business, 31.07.2019 19:10, sipstick971
On january 1, 2017, leo paid $33,000 for 7 percent of the stock in bls, an s corporation. in november, he loaned $9,000 to bls in return for a promissory note. bls generated a $780,000 operating loss in 2017. bls generated $426,000 ordinary business income in 2018. how much of leo’s share of this income is included in his 2018 taxable income? compute leo’s basis in his bls stock and his bls note at the end of 2018. how would your answers to parts a and b change if bls’s ordinary business income was only $238,000?
Answers: 3
Business, 23.06.2019 07:40, babyquinnz
Donald has created a trust for the benefit of his three nephews, huey, dewey, and louie, who are all minors. donald plans on making annual contributions to the trust. donald would like his annual contributions to the trust to qualify for the annual exclusion. what would be the best way to accomplish this goal? a)
Answers: 3
Business, 23.06.2019 18:50, gwynolegario
When paid interest is started as a dollar amount is called
Answers: 1
On january 1, 2017, leo paid $33,000 for 7 percent of the stock in bls, an s corporation. in novembe...
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