Suppose that a partnership or S corp. has a year-end of March 31, 2020, and the partner/shareholder

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Suppose that a partnership or S corp. has a year-end of March 31, 2020, and the partner/shareholder has a year-end of December 31, 2020. Three months of the partnership's/S corp.’s year are in the 2020 taxable year for the partner/shareholder and 9 months of the partnership/S corp. year are in the 2019 taxable year of the partner/shareholder. Since the partnership/S corp. income flows-through to the partner/shareholder, when does the partner/shareholder report her share of partnership/S corp. income?

Posted Date: Oct 05, 2021 11:54 PM

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Suppose that a partnership or S corp. has a year-end of March 31, 2020, and the partner/shareholder

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