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Category: Business Entities and Transactions

What Happens to S Corporation Stock Upon the Shareholder’s Death?

February 9, 2021 Business Entities and Transactions

S corporation stock, whether owned individually or by a trust, merits special attention upon death. Congress presumably did not want a shareholder’s death to terminate an S election, so an estate of a deceased S corporation shareholder is a permitted shareholder during the period of administration. If the executor transfers…

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