Which of the following is not considered a family member for purposes of the S corporation shareholder limit test?
A)Brother
B)Great-grandparent
C)Grandchild
D)Grandparent
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

All of the listed relatives (brother, great-grandparent, grandchild, and grandparent) are considered family members for the purposes of the S corporation shareholder limit test. The IRS considers all members of a family, which includes ancestors, lineal descendants, and siblings, as a single shareholder for the 100-shareholder limit.

Which of the Following Is Not Considered a Family Member