Which of the following is correct regarding the tax treatment of interest paid or incurred...
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Accounting
Which of the following is correct regarding the tax treatment of interest paid or incurred by an S corporation:athe interest paid or incurred is not deductible under any circumstancesbthe interest paid or incurred is fully deductible, regardless of how the associated debt is usedcthe tax treatment of such interest is complex, and may require tracing to ensure proper reportingdnone of the above
Which of the following is correct regarding the tax treatment of interest paid or incurred by an S corporation:athe interest paid or incurred is not deductible under any circumstancesbthe interest paid or incurred is fully deductible, regardless of how the associated debt is usedcthe tax treatment of such interest is complex, and may require tracing to ensure proper reportingdnone of the above
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