Separately Stated Items Are Tax Items That Are Treated Similarly

question 42

True/False

Separately stated items are tax items that are treated similarly for tax purposes as a shareholder's share of ordinary business income (loss).

---

Definitions:

Sodium

A chemical element with symbol Na, a soft, silvery-white, highly reactive metal and an essential electrolyte in biological systems.

Urethra

The tube that conducts urine from the bladder to the outside of the body in both males and females, and also serves as a conduit for semen in males.

Metanephridia

Excretory organs found in many invertebrates, such as annelids, that filter waste materials from the body fluids.

Malpighian Tubules

Excretory structures found in insects and other terrestrial arthropods that remove waste materials from the hemolymph and regulate water and salt balance.