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How much income is allocated to Jen

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Question - Jen is a shareholder of XYZ stock. XYZ is a calendar year S Corporation. Jen owned 15% of the stock for 220 days during 2020 and owned 20% for the remiander of 2020. XYZ reports $95,000 of ordinary income for the tax year. How much income is allocated to Jen?

Reference no: EM132972992

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