A and B are equal shareholders in AB, a calendar-year S corporation. On June 30 (181 days into the year), A sells one-half of her stock to C. The corporation reports $30,000 of income for the year.
How much of this income is allocated to A, B, and C?

Question

A and B are equal shareholders in AB, a calendar-year S corporation. On June 30 (181 days into the year), A sells one-half of her stock to C. The corporation reports $30,000 of income for the year. 
How much of this income is allocated to A, B, and C?

Quizplus · Accepted Answer

The Answer of A and B are equal shareholders in AB, a calendar-year S corporation. On June 30 (181 days into the year), A sells one-half of her stock to C. The corporation reports $30,000 of income for the year. 
How much of this income is allocated to A, B, and C?

A and B Are Equal Shareholders in AB, a Calendar-Year