Identify a disadvantage of being an S corporation.
a. Estates can be shareholders.
b....
Business, 05.05.2020 19:16 wlackey2020
Identify a disadvantage of being an S corporation.
a. Estates can be shareholders.
b. Losses flow through immediately to the shareholders.
c. Section 1202 treatment (qualified small business stock) is not available.
d. Tax-exempt income flows through as excludible to shareholders.
e. All of these are advantages of the S election.
Answers: 3
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