Aubrey Corporation changes from a regular C corporation in 2018 to an S corporation as of the
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Aubrey Corporation changes from a regular C corporation in 2018 to an S corporation as of the beginning of 2019. For 2019, the corporation has $40,000 of built-in gain and $45,000 in accounting income. Determine any corporate tax that may be imposed on Aubrey Corporation, and the amount to be reported by the sole shareholder.
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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