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D Question 18 3 pts Partnerships are allowed to include partnership debt in their partnership basis, but S-Corporation shareholders are not allowed to include any

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D Question 18 3 pts Partnerships are allowed to include partnership debt in their partnership basis, but S-Corporation shareholders are not allowed to include any S corporation debt in their stock basis. This is because OC-Corporation shareholders do not include debt in their basis. Some partnerships, particularly LLCs, have limited liability. Os Corporations are limited to 100 shareholders. S-Corporation shareholders have limited liability, Previous Next >

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