The column on the left describes characteristics that may apply to various business entities. The column on the right lists the tax classification of certain types of business entities. Fill in the number of the business entity(ies) tax classification listed on the right which you think has/have the characteristic described on the left. Responses may be used more than once.

1.	Partnerships only
2.	C Corporations only
3.	S Corporations and Partnerships.
4.	C Corporations, S Corporations, and Partnerships.

Distributions from the entity are generally tax-free to the owners, unless the distributions exceed the owners bases in the entity.
	Debt of the entity is generally added to the owners bases in the entity.
	Taxable income of the entity is taxed to the owners of the entity.
	Formation of the entity is generally tax-free.
	Taxable income of the entity is taxed to the entity.
	Owners bases in the entity increases and decreases regularly.