Compare S Corp To C Corp

Question 0

Part c calc asset sale

Answer 0

Price - S/H basis * .35 = tax at corp level

price - corp tax = S/H distribution

S/H distribution - S/H basis - NOL * .2 = S/H tax

S/H distribution - S/H tax = new price

Stock sale - new price /.8 /.65

Add answer to price

Question 1

Calc stock sale for part c

Answer 1

Price-S/H basis-CLCF * 20%!!!!

Question 2

Part D

Answer 2

No 338= stock sale
W338:
1. price- s/h basis 
2. Separate OI (.35) and CG (.2) 
3. Price - taxes 
4. No 338 - w/ 338
5. 4. /.8
6. Add answer to 5 to the price

Question 3

Part G

Answer 3

Same as D but use answer from part A to calc S corp.

S corp - c corp and you’re done

Question 4

Part e

Answer 4

No

Question 5

Part f

Answer 5

No