What is the amount that would go on sch e

Reference no: EM132789406

In addition to the investments discussed above, Paul owns 1,000 shares (1%) of Grubstake Mining & Development common stock. Grubstake is organized as an S corporation and has 100,000 shares outstanding. Grubstake reported taxable income of $200,000 and paid a distribution of $1.00 per share during the current year. Paul does not materially participate in Grubstake's activities.

Problem 1: What is the amount that would go on Sch E

Reference no: EM132789406

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What is the amount that would go on sch e : What is the amount that would go on Sch E? In addition to the investments discussed above, Paul owns 1,000 shares (1%) of Grubstake Mining

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