____________________ Debt in an S Corporation Year Is Not Treated

question 97

Short Answer

____________________ debt in an S corporation year is not treated as a second class of stock and does not disqualify the S election.

---

Definitions:

Pruritus

A medical term for itching, a sensation that leads to the desire to scratch.

Alopecia

A condition resulting in partial or complete loss of hair.

Cicatrix

A scar that forms on the skin or internal organs following injury or surgery.

Cellulitis

An infection of the deeper layers of skin and the underlying tissue.