Select the best answer. Which of the following statements is true for an S corporation? OA. Each state taxes S corporations as if they were C corporations. B. An S corporation is a pass-through entity to shareholders. O C. An S corporation's built-in gains are taxed to the shareholders. O D. An S corporation's excess passive income is taxed to the shareholders.

Select the best answer. Which of the following statements is true for an S corporation? OA. Each state taxes S corporations as if they were C corporations. B. An S corporation is a pass-through entity to shareholders. O C. An S corporation's built-in gains are taxed to the shareholders. O D. An S corporation's excess passive income is taxed to the shareholders.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter28: Income Taxation Of Trusts And Estates

Section: Chapter Questions

Problem 2DQ

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