Multiple Choice
Which of the following is not an adjustment to an S corporation shareholder's stock basis?
A) Increase for any contributions to the S corporation during the year.
B) Increase for shareholder's share of ordinary business income.
C) Decrease for shareholder's share of nondeductible items.
D) Increase for distributions during the year.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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