Question: Which statement is true? a. Charitable contributions are subject to the 10% limitation at the corporate level. b. The at-risk rules apply to S corporations.

Which statement is true?

a. Charitable contributions are subject to the 10% limitation at the corporate level.

b. The at-risk rules apply to S corporations.

c. The passive loss limitations do not apply to S corporations.

d. S corporations are exempted from state and local tax filing.

e. None of the above.

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