An S Shareholder's Basis Does Not Include a Ratable Share

question 130

True/False

An S shareholder's basis does not include a ratable share of any S corporation liabilities.

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Definitions:

Definitional Premises

Statements or assertions used in arguments that provide the meaning or explanation of terms used within the argument.

Analogies

Comparisons made between two things that are alike in some respects, often used to explain or argue.

Conclusion

The statement that logically follows from the premises in an argument.

Explanations

Statements or accounts that make a subject or situation clear to the listener or reader.