_____ 18. An S corporation shareholder can only deduct losses of the S corporation to the extent he or she has positive stock basis.
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Q2: _ 5. A limited partnership must have
Q3: _ 15. The income from a general
Q4: _ 6. Partners pay taxes on their
Q5: _ 7. The limited liability partnership form
Q6: _ 19. The AAA of the S
Q7: . The entity concept of a partnership
Q8: _ 8. The owners of a limited
Q9: _ 3. A sole proprietor is considered
Q10: _ 10. A limited liability company that
Q11: _ 9. Limited liability companies are generally
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