Parts B and C.xlsx - Part B S corporation Sales COGS...

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Part B S corporation Version A/C B/E D/F D/F Sales 650,000 ### 650,000 COGS (500,000) ### (500,000) Operating (170,000) (185,000) (165,000) Ordinary (20,000) (35,000) (15,000) ST K loss (12,000) ### (12,000) Tax exempt 2,000 ### 2,000 1231 gain 6,000 ### 6,000 Basis - Tobin Stock basis Debt basis Original 5,000 ### 5,000 Debt 10,000 ### 10,000 Tax exempt 1,000 1,000 1,000 1231 gain 3,000 3,000 3,000 Basis before distribution 19,000 19,000 9,000 10,000 less: distribution (7,500) ### (7,500) Ordinary loss (10,000) (11,500) (1,500) (6,000) ST K loss (1,500) (4,000) Basis - - - - Suspended loss (4,500) (6,000) (2,000) (6,000) Basis - Tom Original 5,000 ### 5,000 Debt 15,000 ### Tax exempt 1,000 1,000 1,000 1231 gain 3,000 3,000 3,000 Basis before distribution
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