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ReadSection1366 1. What income passes to shareholders? 2. How is the income determined for each shareholder?(reviewSection 1377) 3. What is the limitation on loss utilization?

ReadSection1366

1. What income passes to shareholders?

2. How is the income determined for each shareholder?(reviewSection

1377)

3. What is the limitation on loss utilization?

4. Look at the special charitable contribution rule.

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