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aspen corporation was formed began operations on january1,2015 Aspen corporation is owned by janet nall,who is a 100 percent shareholder.Also assume that the corporation has
aspen corporation was formed began operations on january1,2015 Aspen corporation is owned by janet nall,who is a 100 percent shareholder.Also assume that the corporation has a valid s corporation election in effect for 2015 and is not a subject to any special taxes. Using the relevant given complete the form 1120 s for aspen corporation and schedule k1 for Janet. Also complete schedules k and l for aspen corporation, assuming there were no cash distributions to janet during the year.
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