One major difference between the S corporation and partnership federal income tax election election A....
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Accounting
One major difference between the S corporation and partnership federal income tax election election
A. partnership can adjust the inside basis of partnership assets to reflect the priemun partnership interest by making a Section
B. only partnership benefit from pass-through taxation
C. S corporation shareholders obtain additional tax basis from corporate debt
D. S corporation can make special allocations of tax items among the shareholders
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