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Showing content with the highest reputation on 06/26/2016 in all areas
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I have already asked for this information from the client and am waiting for an answer. Thanks for your help.1 point
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You still didn't give us, or don't have, enough information to answer the question. Were her shares in the S corp redeemed by the company? Was her ownership gifted or sold to husband or someone else? Exactly what happened to her ownership? Once you determine that, you should know how to record the transaction.1 point