An S shareholder who dies during the corporate tax year must report his or her share of the pro rata income (or loss) up to the date of death on the final individual tax return.

Name: An S shareholder who dies during the corporate tax year must report his or her share of the pro rata income (or loss) up to the date of death on the final individual tax return.
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This is true. The income or loss up to the date of death must be reported on the final individual tax return of the deceased S shareholder.

An S Shareholder Who Dies During the Corporate Tax Year