Which of the Following Is Not an Adjustment to an S

question 132

Multiple Choice

Which of the following is not an adjustment to an S corporation shareholder's stock basis?

• A)Increase for any contributions to the S corporation during the year.
• B)Increase for shareholder's share of ordinary business income.
• C)Decrease for shareholder's share of nondeductible items.
• D)Increase for distributions during the year.
• E)None of the choices are correct.

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Definitions:

Antisocial

A behavior pattern characterized by a disregard for and violation of the rights of others, including a lack of empathy and a tendency towards aggressive or deceitful behavior.

Obsessive-Compulsive

Relating to a disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions).

Narcissus

In mythology, a figure known for his beauty and extreme self-love, leading to the term narcissism which describes self-centeredness or egoism.

Greek Mythology

A body of myths and teachings that belong to the ancient Greeks, concerning their gods and heroes, the nature of the world, and the origins and significance of their own cult and ritual practices.