When an S corporation excludes COD income, the first tax attribute that must be reduced is which of the following A The S corporation's NOL B The shareholder's NOLs C The S corporation's debt basis D The shareholders' aggregate suspended losses

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When an S corporation excludes COD income, the first tax attribute that must be reduced is which of the following? A. The S corporation's NOL

When an S corporation excludes COD income, the first tax attribute that must be reduced is which of the following?

	A.	The S corporation's NOL
	B.	The shareholder's NOLs
	C.	The S corporation's debt basis
	D.	The shareholders' aggregate suspended losses

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