Either the per day or interim closing of books method may be used to allocate S corporation items among shareholders for any ownership interest change during the taxable year.
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Q12: P holds stock in an S corporation
Q13: For determining the number of shareholders in
Q14: An S corporation election is disqualified if
Q15: The consent of all shareholders who have
Q16: Unlike partnerships, some S corporations are assessed
Q18: The S years are counted when determining
Q19: An S corporation has 300 shares of
Q20: When an owner's share of S corporation
Q21: An S corporation has the following
Q22: An S corporation shareholder's basis may be
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