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Corp. ABC would like to elect to be taxed as an S corporation. ABC has 99 unrelated shareholders, plus X and Y. Under which of

Corp. ABC would like to elect to be taxed as an S corporation. ABC has 99 unrelated shareholders, plus X and Y. Under which of the following circumstances will ABC not qualify as an S corporation? a. X and Y are married. b. X and Y are mother and daughter. c. X and Y are a mother and a partnership formed by X and her daughter. d. X and Y are siblings.

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