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G Corporation, a calendar year S corporation, received passive income in excess of 25% of its gross receipts in 2019, 2020, and 2021. G Corporation

G Corporation, a calendar year S corporation, received passive income in excess of 25% of its gross receipts in 2019, 2020, and 2021. G Corporation has no accumulated E&P. Will G Corporations S corporation status be terminated?

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