_____ 7.A limited liability company that has only one member must be taxed as a sole proprietorship.
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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
Q12: _ 6.Limited liability companies are generally taxed
Q13: _ 19.S corporations never pay any income
Q14: _ 14.Active participation requires a higher level
Q15: _ 18.The AAA of the S corporation
Q16: _ 2.A limited partnership must have a
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