Becker CPA Review $6-2$

A corporation was completely liquidated and dissolved during year $14.$ The filing fees, professional fees, and other expenditures incurred in connection with the liquidation and dissolution are:

a$.$ Deductible in full by the dissolved corporation.

b$.$ Deductible by the shareholders and not by the corporation.

c$.$ Treated as capital losses by the corporation.

d$.$ Not deductible either by the corporation or shareholders.