At the beginning of the tax year, Lizzie holds a $10,000 stock basis as the sole shareholder of Spike, Inc., an S corporation. During the year, Spike reports the following.
Determine Lizzie's stock basis at the end of the year, and the treatment of her cash distribution.
Net taxable income from sales $ 25,000
Net short-term capital loss (18,000)
Cash distribution to Lizzie, 12/31 15,000
Could you make sure to answer in your own words.