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Business, 30.11.2019 01:31 dogsrdabest

Bjorn owns a 60% interest in an s corporation that earned $150,000 in the current year. he also owns 60% of the stock in a c corporation that earned $150,000 during the year. the s corporation distributed $30,000 to bjorn and the c corporation paid dividends of $30,000 to bjorn. how much income must bjorn report from these businesses?

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Bjorn owns a 60% interest in an s corporation that earned $150,000 in the current year. he also owns...

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