Which of the following classifications make a shareholder ineligible to own stock in an S corporation? a.

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Which of the following classifications make a shareholder ineligible to own stock in an S corporation?
a. U.S. citizen
b. Domestic corporation
c. Partnership where all the partners are U.S. citizens
d. Estate of a deceased U.S. citizen
e. Grantor trust created by a U.S. citizen
f. Nonresident alien individual

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts

ISBN: 9780134550923

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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