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A new client is starting a business, and would like to form an S corporation...

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Accounting

A new client is starting a business, and would like to form an S corporation so that any losses can pass through to his personal tax return. After viewing the video, explain to your client how a shareholders stock basis enters into loss limitation rules for S corporations. Be sure to support your comments with information you find in the library or in the IRS code.

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Already there is response to the details mentioned above on Chegg, but I would appreciate another opinion

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