TXX5768

Which of the following statements is/are false?

	A.	Personal Service Corporations apply the passive activity loss rules at the shareholder level and not at the entity level.
	B.	C corporations apply the passive activity loss rules at the entity level and not the shareholder level.
	C.	S corporations apply the passive activity loss rules at the entity level and not the shareholder level.
	D.	Partnerships apply the passive activity loss rules at the partner level and not the entity level.
	E.	All of the above are true.
	F.	A & C are both false.
	G.	A & D are both false.