Question
S Corp officers passed away???
One of the officers in a S Corp passed in July 2023. My first thoughts is I would be able to put in the date of death and the shares would allocate the remaining 5 months of profit to the remaining officer. I would take the first 7 months of income and run that through the Estate trust. But my thinking must be wrong, this is a first for me. Any help is greatly appreciated on how to move forward!!
