Which of the following is not a separately stated item for S corporations?
A)Dividends
B)Interest income
C)Charitable contributions
D)Investment interest expense
E)All of the choices are separately stated items.

Question

Quizplus · Accepted Answer

All of the choices listed (Dividends, Interest income, Charitable contributions, Investment interest expense) are separately stated items for S corporations. This is because they can affect the tax treatment on the individual shareholders' returns differently, depending on their personal tax situations.

Which of the Following Is Not a Separately Stated Item