Question 13

If a corporationhas an excess capital loss, it can deduct the loss in the current tax year.

True

False

Question 14

Most distributions to corporate shareholders are in money (cash). They may never be in stock or other property.

True

False

Question 15

Capitalization is simply the funding of the corporate entity.

True

False

Question 16

There are zero advantages to loaning money to a corporation instead of directly capitalizing it.

True

False