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What portion of this income must each september

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WRT. A calendar year S corporation has 100 shares of outstanding stock. At the beginning of the year, MR. Wallace owned all 100 shares. On September 30, he gave 20 shares to his brother and 35 shares to his daughter. WRT's ordinary income for the new year was $212,000. What portion of this income must each September include in income? Assume 365 days in a year.

Reference no: EM131598721

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