Answer by TaxladyIndia
It is payment for his % share he sold to the co back, but he did not invested any money.
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- Title: Answers to: S corp shareholder basis?
- Channel Number: 24333595
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- Registered On: November 26, 2013, 8:11 am
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- Description: Shareholder left the corp after agreeing to a payment in the amount of 650K paid in 5 years. how...
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