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Corporate Tax Mutiple Choice Question: A owned 40 percent of X co. (an S corporation) for 200 days during 2009. A owned 20 percent of X co. for the...
<Corporate Tax Mutiple Choice Question>: A owned 40 percent of X co. (an S corporation) for 200 days during 2009. A owned 20 percent of X co. for the remaining 165 days in 2009. X co. is a calendar year taxpayer and in 2009 it had $365,000 of capital gains. A's share of X co.'s capital gains for 2009 is: a. $73,000; b. $126,000; c. $113,000; d. None of the above
<Corporate Tax Mutiple Choice Question>:A owned 40 percent of X co. (an S corporation) for 200 days during 2009.A owned 20 percent of X co. for the remaining 165 days in 2009. X co. is a...