At the beginning of the year ann and becky own equally all

Reference no: EM13605712

At the beginning of the year, Ann and Becky own equally all of the stock of Whitman, Inc., an S corporation. Whitman generates a $120,000 loss for the year (not a leap year). On the 189th day of the year, Ann sells her half of the Whitman stock to her son Scott. How much of the 120,000 loss, if any, belongs to Scott.

Reference no: EM13605712

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