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Business, 07.10.2021 01:00 leilakainani26

Dominique and Terrell are joint owners of a bookstore. The business operates as an S corporation. Dominique owns 65%, and Terrell owns 35%. The business has the following results in the current year: Revenue $1,500,000 Business expenses 750,000 Charitable contributions 50,000 Short-term capital losses 4,500 Long-term capital gains 6,000 Required: How do Dominique and Terrell report these items for tax purposes

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Dominique and Terrell are joint owners of a bookstore. The business operates as an S corporation. Do...

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