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 decedent-shareholder and on the estate's income tax return.

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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