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A loan by a corporation to a shareholder/employee to purchase treasury shares in the corporation must be ____________________ in order to meet one of the
A loan by a corporation to a shareholder/employee to purchase treasury shares in the corporation must be ____________________ in order to meet one of the conditions necessary to avoid the inclusion of the loan principal as taxable income to the shareholder.
a. documented at the time the loan is made
b. interest-bearing
c. repaid in one year
d. less than $2,000
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