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Tax Drill - State Taxation Complete the following statement regarding state taxation. If state...

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Accounting

Tax Drill - State Taxation
Complete the following statement regarding state taxation.
If state law does not permit
, the corporate losses cannot be passed through to the shareholders to deduct on their
individual tax returns. In this case, the owners should choose
form of business.Complete the following statement regarding state taxation.
If state law does not permit
, the corporate losses cannot be passed through to the shareholders to deduct on their individual tax returns. In this case, the owners should choose
form of business.
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