S shareholders are allocated shares of income, gain, loss, deduction, and credit based on their number of shares of stock and period of time for which the stock is held.

Name: S shareholders are allocated shares of income, gain, loss, deduction, and credit based on their number of shares of stock and period of time for which the stock is held.
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Question

Quizplus · Accepted Answer

This statement accurately describes how income and other items are allocated to S corporation shareholders.

S Shareholders Are Allocated Shares of Income, Gain, Loss, Deduction