Indicate whether the following items are reported on the tax return of an S corporation as part

Question:

Indicate whether the following items are reported on the tax return of an S corporation as part of ordinary income (or loss) or as separately stated items:
a. Repairs
b. Long-term capital gains
c. Short-term capital losses
d. Section 1231 gains
e. Tax-exempt interest income
f. Tax credits
g. Tax preference items
h. Salary paid to an S corporation shareholder

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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