Zinco Corp. was a calendar-year S corporation. Zinco's S status terminated on April 1, 2019, when Case Corp. became a shareholder. During 2019 (365-day calendar year), Zinco had nonseparately computed income of $310,250. If no election was made by Zinco, what amount of the income, if any, was allocated to the S corporation short year for 2019?

Zinco Corp. was a calendar-year S corporation. Zinco's S status terminated on April 1, 2019, when Case Corp. became a shareholder. During 2019 (365-day calendar year), Zinco had nonseparately computed income of $310,250. If no election was made by Zinco, what amount of the income, if any, was allocated to the S corporation short year for 2019?

Zinco Corp. was a calendar-year S corporation. Zinco's S status terminated on April 1, 2019, when Case Corp. became a shareholder. During 2019 (365-day calendar year), Zinco had nonseparately computed income of $310,250. If no election was made by Zinco, what amount of the income, if any, was allocated to the S corporation short year for 2019?


A.$233,750

B.$155,125

C.$76,500

D.$0


Answer: C. $76,500


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