Any excess of losses or deductions over both stock and debt basis is lost forever.
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Q44: In certain circumstances,an S shareholder's basis in
Q44: Any losses that are suspended under the
Q45: Passive investment income includes capital gains from
Q46: Which statement is incorrect?
A)S corporations are treated
Q47: Any distribution made by an S corporation
Q49: An S corporation may be subject to
Q50: An S shareholder's basis includes a ratable
Q51: The carryover period for the NOLs of
Q52: The S corporation is entitled to a
Q71: It is not beneficial for an S
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