Shareholder Allocations S/hs report pro rata share of ordinary income separately stated items 1. Divide item by of days in tax year 2. Divide daily amount by of shares outstanding 3. Total daily allocations for a share 4. Multiply amount per share times of shares held by owner See EXample C11-16 1414 Shareholder Allocations S/hs report pro rata share of ordinary income & separately stated items – 1. Divide item by # of days in tax year – 2. Divide daily amount by # of shares outstanding – 3. Total daily allocations for a share – 4. Multiply amount per share times # of shares held by owner –See Example C11-16