On January 1,Bobby and Alice Own Equally All of the Stock

question 86

Multiple Choice

On January 1,Bobby and Alice own equally all of the stock of an electing S corporation called Prairie Dirt Delight.The soil company has a $90,000 loss for a non-leap year.On the 219th day of the year,Bobby sells his one-half of the stock to his son,Naresh.How much of the $90,000 loss is allocated to Alice?

• A)$0.
• B)$18,000.
• C)$27,000.
• D)$45,000.
• E)None of the above.

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