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A new S corporation shareholder can revoke the S election unilaterally, if they own how much of the existing S corporations stock? a. More than
A new S corporation shareholder can revoke the S election unilaterally, if they own how much of the existing S corporations stock?
a. More than 50%.
b. 80% or more.
c The election can be revoked only if all of the shareholders consent.
d. The election cannot be revoked during the first year of the new shareholders ownership.
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