Tax-Exempt Income at the S Corporation Level Flows Through as Taxable

question 90

True/False

Tax-exempt income at the S corporation level flows through as taxable to the shareholder.

---

Definitions:

Rock Slide

A rock slide is a type of landslide involving the movement of rock, soil, and debris down a slope, often triggered by factors like water saturation, erosion, or seismic activity.

Preexisting Joints

Natural fractures or separations in rock that were present before any other types of deformation.

Open Space

Areas of land that are either naturally occurring or designated for recreational use, conservation, or urban planning, often lacking significant built structures.

Rock Avalanche

is a rapid, massive landslide consisting of rock debris flowing down a slope.