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    Federal Taxation
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    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 119

Question 119

True/False

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

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