Multiple Choice
Which item does not appear on Schedule K of Form 1120S?
A) Tax-exempt interest income.
B) Section 1231 gain.
C) Section 179 depreciation deduction.
D) Depreciation recapture income.
E) All of these appear on Schedule K.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q78: The termination of an S election occurs
Q79: A one-person LLC can be a shareholder
Q80: Which item does not appear on Schedule
Q81: Pepper, Inc., an S corporation, holds a
Q82: Where the S corporation rules are silent,
Q84: A capital loss allocated to a shareholder
Q85: At the beginning of the year,
Q86: You are given the following facts
Q87: An S corporation recognizes a on any
Q88: The AAA begins with a zero balance