Business
Business, 19.08.2021 23:30, chris4212

Amit, Inc., an S corporation, holds an AAA balance of $921,000 at the beginning of the tax year. During the year, the following items occur. Amit, Inc., stats Operating income $751,500 Interest income 9,750 Dividend income 19,530 Municipal bond interest income 9,000 Long-term capital loss from sale of investment land 11,100 Section 179 depreciation deduction 9,000 Charitable contributions 28,500 Cash distributions 85,500 Amit's ending AAA balance is:

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Amit, Inc., an S corporation, holds an AAA balance of $921,000 at the beginning of the tax year. Dur...

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