Attribution Rules. Moose Corporations 400 shares of outstanding stock are owned as follows: Name...
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Accounting
Attribution Rules. Moose Corporations 400 shares of outstanding stock are owned as follows:
Name & Shares:
Lara (an individual) 60
LMN Partnership (Lara is a 20% partner) 50
LST Partnership (Lara is a 70% partner) 100
Lemon Corporation (Lara is a 30% shareholder) 100
Lime Corporation (Lara is a 60% shareholder) 90
Total 400
How many shares is Lara deemed to own under the Sec. 318 attribution rules?
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