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DonnieMichelada

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  1. Thank you to all who took the time to respond. I really appreciate your input. I should have noted that the Adult Child is, in fact, over 21. The client will be happy with this news.
  2. Hi folks! Scenario: Parent owns 100% of Company A. Parent/Adult Child are 50/50 partners in Company B. Unrelated entities. Am I correct in that there is no controlled group here? It is my understanding that ownership is only attributed from/to Parent/Adult Child if they own over 50%, not 50% exactly. Or am I not reading the rules correctly? Thank you! Donnie
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