Which of the Following Would Terminate a Subchapter S Election

question 10

Multiple Choice

Which of the following would terminate a Subchapter S election?

• A) Voting trust becomes a shareholder.
• B) Grantor trust becomes a shareholder.
• C) Estate becomes a shareholder.
• D) Partnership becomes a shareholder.

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Definitions:

Prescriptive

Relating to the imposition or application of rules or recommendations, often in a directive manner.

Productive

Refers to achieving significant results or output efficiently in a given period.

Group Members

Individuals who form part of a team or collective, each contributing to the group's objectives.

Particular Goal

A specific objective or aim that an individual or group strives to achieve.