Question 2 of 15.

Which of the following entities is an example of a pass-through entity?

Basic Foods is a C corporation which provides fresh produce to regional chain restaurants.

Michael is a book editor. He is a self-taught photographer, and in his spare time he takes pictures of local youth sports teams. Sometimes he does photo shoots as a favor for friends, and other times he collects a small cash fee. He has no plans to grow or develop the photography into anything more than a fun side gig. His total earnings last year were less than $200.

Wu Media is a local advertising agency. They provide services to many different business types. After being founded by Min Wu many years ago, the company was converted to a C corporation in 2010.

Victor Housland passed away in 2021, leaving various investments to his beneficiaries. The executor of the Estate of Victor Housland will file Form 1041.

Mark for follow up