Harold gives one share of stock in Harold Corp., an S Corp, to each the following individuals:

Question:

Harold gives one share of stock in Harold Corp., an S Corp, to each the following individuals:
• His nephew
• His son
• His adopted step-daughter
• His grandson
• His cousin
What is the minimum number of additional S-Corp shareholders under Code Section 1361 that will result from this of stock?
a. Three
b. Four
c. Two
d. Five
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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