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Rochelle owns 10% of an S Corp at the beginning of the year (a non-leap year). On April 1 (the 90th day of the year)
Rochelle owns 10% of an S Corp at the beginning of the year (a non-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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