An S corporation will lose its S corporation status if it has too much passive investment income

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An S corporation will lose its S corporation status if it has too much passive investment income for how many years?

a. For the last two years, including the current year.

b. For two of the past five years, including the current year.

c. For the past three years, including the current year.

d. None of the above.

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Essentials Of Federal Income Taxation For Individuals And Business

ISBN: 9780808038009

15th Edition

Authors: Linda M. Johnson

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Question Posted: Oct 12, 2024 03:02 AM

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An S corporation will lose its S corporation status if it has too much passive investment income

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Essentials Of Federal Income Taxation For Individuals And Business

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