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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Comparative Forms of Doing Business
  5. Question
    If Lease Rental Payments to a Noncorporate Shareholder-Lessor Are Classified
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If Lease Rental Payments to a Noncorporate Shareholder-Lessor Are Classified

Question 85

Question 85

True/False

If lease rental payments to a noncorporate shareholder-lessor are classified as unreasonable, the taxable income of a
C corporation increases and the gross income of the shareholder increases.

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