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Business, 09.12.2021 14:50 smcardenas02

On January 1 2021 Indiana Jones owned all 100 issued shares of Raiders Corp. a calendar-year S corporation. On the 40th day of 2022, Indiana Jones sold 25 of the Raiders Corp. shares to Short-Round. For the year ended December 31st 2022 (a 365 day calendar year) Raiders had $73000 in non-separately stated income and made no distributions to its shareholders. What amount of non-separately stated income from Raiders should be reported on Indiana's 2022 tax return

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On January 1 2021 Indiana Jones owned all 100 issued shares of Raiders Corp. a calendar-year S corpo...
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