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The Trinity Group, an S Corporation, Is Owned by Tom

Question 5

True/False

The Trinity Group, an S Corporation, is owned by Tom Trinity.Tom serves as CEO of the organization.The company owns and operates a number of hotels and motels in Louisiana and Mississippi.Individuals typically stay at the hotels one or two days.Losses flowing from the corporation to Tom will be limited by both the at-risk rules and the passive activity rules.

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