Guest rmyoung Posted February 3, 2003 Posted February 3, 2003 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
Tom Poje Posted February 4, 2003 Posted February 4, 2003 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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