S corporation has $90,000 of taxable income for the year and three equal shareholders. One of the

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S corporation has $90,000 of taxable income for the year and three equal shareholders. One of the shareholders dies on March 14. His estate continues to hold the stock for the remainder of the year. Determine the amounts includible on the last return of the decendent-shareholder on the estate’s income tax return.

Posted Date: Nov 22, 2021 12:50 AM

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S corporation has $90,000 of taxable income for the year and three equal shareholders. One of the

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As all 3 are equal shareholders So their share will be ... View the full answer

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