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IRC Section 1377(a)(2)

IRC Section 1377(a)(2)

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IRC Section 1377(a)(2) Election to Terminate S Corporation Year Overview Generally, the determination of each shareholder’s share of any item (income, deduction, credit, etc.) is determined on a per-share, per-day basis pursuant to 1377(a)(1). If a shareholder in an S corporation terminates his or her entire ... 8/30/1996 10:32:24 AM ...

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