Loans from qualified plans are permitted from all qualified plans to all employees, except to only:
A) Owner-employees who are sole proprietors
B) Owner-employees who are sole proprietors and more than 5 percent partners
C) Owner-employees who are sole proprietors, more than 5 percent partners, or more than 50 percent shareholders of S corporations
D) Owner-employees who are sole proprietors and more than 50 percent shareholders of S corporations
E) more than 5 percent partners
Correct Answer:
Verified
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