Some stock in a calendar-year S corporation is sold to a nonresident alien on February 13, 2019.

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Some stock in a calendar-year S corporation is sold to a nonresident alien on February 13, 2019. On what date is the corporation's status as an S corporation terminated?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 03:05 AM

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Some stock in a calendar-year S corporation is sold to a nonresident alien on February 13, 2019.

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ANSWER The sale of stock to a nonresident alien does not itself terminate the S corporation status H...View the full answer

CCH Federal Taxation Basic Principles 2020

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