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Dustin,Dan,and Dennis Operate Heritage Hills Dry Cleaners as an S

Question 128

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Dustin,Dan,and Dennis operate Heritage Hills dry cleaners as an S corporation.Dustin owns 50% of the business,Dan 30%,and Dennis 20%.For the current year,Heritage Hills reports the following: Dustin,Dan,and Dennis operate Heritage Hills dry cleaners as an S corporation.Dustin owns 50% of the business,Dan 30%,and Dennis 20%.For the current year,Heritage Hills reports the following:    How must Heritage Hills report its results to each of the owners?
How must Heritage Hills report its results to each of the owners?

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Because capital gains and losses,and cha...

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