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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Definitions:

Unary Operator

An operator that takes a single operand and performs an operation, such as negation or increment.

Evaluates To 1

The process wherein an expression or condition results in the numeric value of 1, typically indicating a true or affirmative outcome.

Braces

Punctuation characters "{" and "}" used in programming to define the beginning and end of blocks of code, such as functions or control structures.

Block Of Statements

A group of statements enclosed by brackets or delimited in some way that are executed together.