Stock basis at the end of the year

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Reference no: EM13124919

Betty and Carlton each own one-half of the stock of Finch, Inc., a C corporation. Each shareholder has a stock basis of $250,000. Finch has accumulated E&P of $750,000. Finch's taxable income for the current year is $100,000, and it distributes $200,000 to each shareholder. Betty's stock basis at the end of the year is:

Reference no: EM13124919

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