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BUILT-IN GAINS TAX MAY BE IMPOSSED on which of the following A. Those that elect s status prior to 1987 B. Those that have assets

BUILT-IN GAINS TAX MAY BE IMPOSSED on which of the following A. Those that elect s status prior to 1987 B. Those that have assets with a basis in excess of fmv C. Those that were c corporation and elect s status after 1986 D. Those that were formed after 1988 and elected s status in their first year of operations

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