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When creating and operating a business the owner must determine his or her basis in the business. How does the owner compute his or her

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When creating and operating a business the owner must determine his or her "basis" in the business. How does the owner compute his or her basis in the business when the business is operated as a " C " corporation, an " S " corporation or a partnership? What is the significance (i.e importance) of the basis amount to the owners

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