Question: Which of the formulas below is the correct formula for determining the allocation of S corporation income, expense, loss, or credits to each shareholder? a)

Which of the formulas below is the correct formula for determining the allocation of S corporation income, expense, loss, or credits to each shareholder?

a) Pass-Through Item × % of Stock Owned

b) Pass-Through Item × % of Stock Owned × % of Year Owned

c) Pass-Through Item × % of Year Owned

d) Pass-Through Item / Number of Shareholders

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