Minna is a 50% owner of a calendar- year S corporation. During the current year, the S corporation had ordinary income of $400,000, short- term capital gain of $150,000 and a charitable contribution of $30,000. What does Minna report for the year from the S corporation?

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The Answer of Minna is a 50% owner of a calendar- year S corporation. During the current year, the S corporation had ordinary income of $400,000, short- term capital gain of $150,000 and a charitable contribution of $30,000. What does Minna report for the year from the S corporation?

Minna Is a 50% Owner of a Calendar- Year S