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True or False. Even though an corporation was formerly a C corporation, all of its cash distributions can be confidently treated as nontaxable if there
True or False.
Even though an corporation was formerly a C corporation, all of its cash distributions can be confidently treated as nontaxable if there is no AE&P from its C corporation years and the distribution does not exceed the shareholder's basis in the stock. O True O False The qualified business income deduction is taken at the partnership level, not the partner level. True FalseStep by Step Solution
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