The corporate-level tax on recognized built-in gains applies in 2013 when an S corporation disposes of an asset in a taxable disposition within 5 tax years after the date on which the S election took effect.
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Q29: An S shareholder's basis is decreased by
Q32: Form 1120S provides an S shareholder's computation
Q34: An S shareholder's stock basis can be
Q44: Any losses that are suspended under the
Q45: An S corporation can claim a deduction
Q47: The passive investment income of an S
Q52: An S corporation is subject to the
Q53: An S corporation must possess which of
Q55: Which statement is incorrect?
A) S corporations are
Q60: Pass-through S corporation losses can reduce the
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