Durra business is organized as a regular C corporation in 1986. At the beginning of the present
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Durra business is organized as a regular C corporation in 1986. At the beginning of the present year, Durra business elects to be an S corporation. Will the election cause a recapture of the general business investment credit taken on any property purchased while a C corporation?
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No the election of S corporation status by Durra business will not cause a recapture of the general ...View the full answer
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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