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    Taxation of Business Entities
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    Exam 11: S Corporations
  5. Question
    Bobby T (95% Owner) Would Like to Elect S Corporation
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Bobby T (95% Owner) Would Like to Elect S Corporation

Question 93

Question 93

True/False

Bobby T (95% owner) would like to elect S corporation status for DJ, Inc. but Dallas (5% owner) does not want to elect S corporation status. Bobby T cannot elect S status for DJ, Inc. without Dallas' consent.

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