What is basis of william stock at december

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Question - William is the sole shareholder of Tremer Inc a calendar year s corporation. The basis of William stock January 1,2011 is 15,000. Tremer inc taxable year ended December 31, 2011.

Short term capital gain 0

Tax penalties 1000

Taxable loss 12,000

Section 1231 loss 2000

What is basis of William stock at December 31, 2011?

400

700

12000

18000

Reference no: EM132072403

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