Only a few states require that Federal S corporations make a separate state-level election of the flow-through status.

Name: Only a few states require that Federal S corporations make a separate state-level election of the flow-through status.
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Only a few states, such as New York and Iowa, require S corporations to make a separate state-level election of the flow-through status. In most other states, the federal election automatically carries over to the state level.

Only a Few States Require That Federal S Corporations Make