An electing S corporation has a $30,000 ordinary loss for the nonleap year. On January 1, Beverly and Sonya own equally all of the S corporation stock. On the 146th day of the year, Beverly gives her one- half of the S corporation stock to her daughter Becky. How much of the $30,000 ordinary loss is allocated to Beverly?

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The Answer of An electing S corporation has a $30,000 ordinary loss for the nonleap year. On January 1, Beverly and Sonya own equally all of the S corporation stock. On the 146th day of the year, Beverly gives her one- half of the S corporation stock to her daughter Becky. How much of the $30,000 ordinary loss is allocated to Beverly?

An Electing S Corporation Has a $30,000 Ordinary Loss for the Nonleap