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:

Longitudinal

A research approach that follows the same subjects over a period of time to observe changes.

Twins Study

A research method used in genetic and psychological studies to assess the relative impact of hereditary and environmental factors by comparing identical and fraternal twins.

Periodical

A publication, such as a magazine, journal, or newspaper, that is published at regular intervals over an indefinite period.

Nurture

The influence of environmental factors on one's behavior, development, and personality.