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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
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 estates income tax return.
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