All of the Following Would Reduce the Basis of a Shareholder's

question 99

Multiple Choice

All of the following would reduce the basis of a shareholder's stock in an S corporation,except

• A)a shareholder's pro rata share of nontaxable distributions by the S corporation to its shareholders.
• B)a shareholder's share of all loss and deduction items of the S corporation that are separately stated and passed through to the shareholder.
• C)a shareholder's pro rata share of any nondeductible expenses of the S corporation.
• D)a shareholder's pro rata share of loan repayments made by the S corporation.

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Domain Name System, a hierarchical naming system for computers, services, or any resource connected to the Internet or a private network, translating domain names to IP addresses.

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