_____ 10.Recourse debts can only be satisfied with the property used as collateral.
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Q2: _ 1.A sole proprietorship must use the
Q3: _ 13.A person satisfies material participation requirements
Q4: _ 8.The entity concept of a partnership
Q5: _ 11.The basis limitation rules are applied
Q6: _ 15.A loss is never recognized on
Q7: _ 3.The limited liability partnership form of
Q8: _ 12.All partnerships are passive activities.
Q9: _ 9.Once established at entry,a partner's basis
Q10: _ 17.An S corporation shareholder can only
Q11: _ 7.A limited liability company that has
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