A per-day, per-share allocation of flow-through S corporation items must be used.

Name: A per-day, per-share allocation of flow-through S corporation items must be used.
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The IRS requires S corporations to allocate income, deductions, losses, and credits to their shareholders on a per-share, per-day basis. This method ensures that the allocations accurately reflect the shareholders' ownership interests throughout the tax year.

A Per-Day, Per-Share Allocation of Flow-Through S Corporation Items Must