S corporations recognize gains and losses on distributions of property.
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Q21: Separately stated items are tax items that
Q31: Like partnerships, an S corporation shareholder's basis
Q40: An S corporation shareholder's allocable share of
Q42: S corporation distributions are not taxable to
Q44: During the post-termination transition period, property distributions
Q44: The built-in gains tax does not apply
Q47: If Annie and Andy (each a 30%
Q48: S corporations are required to file Form
Q59: C corporations that elect S corporation status
Q60: The IRS may consent to an early
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