Question: On January 1 , 2 0 2 4 , Brown and Falls own equally ( fifty percent ( 5 0 % ) ) of the

On January 1,2024, Brown and Falls own equally (fifty percent (50%)) of the stock of Phillips Corporation, an S Corporation. Phillips Corporation has a $60,000 Operating Loss for the year of 2024. On the 219th day of the year of 2024, Brown sells her one-half (12) of the stock of Phillips Corporation to her daughter, Daniels. How much of the $60,000 Operating Loss is allocated to Falls? (Using the Per Day Method (Pro-Rata Method)).(The year 2024 is not a Leap Year).
$ -0-.
$60,000.
$18,000.
$30,000.
On January 1 , 2 0 2 4 , Brown and Falls own

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