Answer:-
a) chaz treat distribution $5000 and the corporation has a deduction of $ 0
b) chaz has a interest of 30000*6% = 1800
And a note repayment of $ 3000 of $1800 which is taxable to chaz . The corporation has a deduction of $ 1800.
| 24 LO.5 Chaz transfers cash of $60,000 to a newly formed corporation for 100% of...
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