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Family Attribution Rule


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Guest rmyoung
Posted

Can you calrify the family attributin rule? We have a few interpretations floating around but we're not sure which is correct:

1) Grandparent owners can attribute ownership to grandchildren

2) Owner can attribute ownership up to grandparents

Posted

A grandchilds ownership is attributed to the grandparent.

The stock the grandparent owns is NOT attributed to the grandkid.

1st generation 50%

2.

3rd generation 50%

1 owns 100%, but 3 only owns 50%

This is code section 318 rules

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