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Moe and Curly each own 50% of an 5 corporation on January 1. On August 7th (219th day of the year) Curly gives Larry one-half

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Moe and Curly each own 50% of an 5 corporation on January 1. On August 7th (219th day of the year) Curly gives Larry one-half of his stock The S Corporation incurs a $100,000 ordinary loss for the nonleap year. How much of the loss is allocated to Curly? $40,000 550,000 $30,000 $60,000

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