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Identify a disadvantage of being an S corporation. a. Estates can be shareholders. b. Losses flow through immediately to the shareholders. c. Section 1202 treatment

Identify a disadvantage of being an S corporation.

a. Estates can be shareholders.

b. Losses flow through immediately to the shareholders.

c. Section 1202 treatment (qualified small business stock) is not available.

d. Tax-exempt income flows through as excludible to shareholders.

e. All of these are advantages of the S election.

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