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A company that has been an S Corportion from its inception may: A corporation that has been an S corporation from its inception may: Have

A company that has been an S Corportion from its inception may:

A corporation that has been an S corporation from its inception may: Have passive investment income in excess of 25% of gross receipts o o o o B. c. D. for 3 consecutive years and nonpassive income No Yes No Yes Be owned by a bankruptcy estate Yes No No Yes

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