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Business, 21.07.2020 19:01 nayely1020

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. On the 189th day of the year, Ann sells her half of the Whitman stock to her son, Scott. Becky's stock basis is $41,300 How much of the Whitman loss belongs to Ann and Becky? In your computations, round any divisions to four decimal places. Round the final answer to the nearest dollar. Assume a 365 day year. Ann's share of Whitman's loss is $ and Becky's share of the loss is $ However, loss is limited to $.

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At the beginning of the year, Ann and Becky own equally all of the stock of Whitman, Inc., an S corp...
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