Question
27. Rochelle owns 10% of an S Corp. at the beginning of the year anon leap year. On April 1 the 90th day of the
27. Rochelle owns 10% of an S Corp. at the beginning of the year anon leap year. On April 1 the 90th day of the year she buys another 10%. The corporation has non-separately stated income of $365,000 for the year. How much separately stated income will be shown on her K-1?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
ISBN: 1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
