Which of the following reduces a shareholder's S corporation stock basis?
A) Depletion deductions in excess of the basis of property.
B) Illegal kickbacks paid.
C) Nontaxable income.
D) Sales income.
E) A 20% QBI deduction.

Question

Quizplus · Accepted Answer

The Answer of Which of the following reduces a shareholder's S corporation stock basis?
A) Depletion deductions in excess of the basis of property.
B) Illegal kickbacks paid.
C) Nontaxable income.
D) Sales income.
E) A 20% QBI deduction.

Which of the Following Reduces a Shareholder's S Corporation Stock