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1 Required information [ The following information applies to the questions displayed below. ] Assume the following S corporations, gross receipts, passlve investment income, and
Required information
The following information applies to the questions displayed below.
Assume the following corporations, gross receipts, passlve investment income, and corporate earnings and profit. Will any of these corporations have its election terminated due to excessive passive income? If so in what year? All became corporations at the beginning of year
Note: Leave no answer blank. Select NA if no effect.
d Nazmul Corporation
tabletablePassiveInvestmentIncometableCorporateEarnings andProfitsYearGross Receipts,$$
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