Multiple Choice
Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. From a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources?
A) C corporation.
B) Limited partnership
C) General partnership.
D) S corporation.
Correct Answer:
Verified
Correct Answer:
Verified
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