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Which of the following are allowed a non-calendar (December 31) year end (without specific IRS approval)? (multiple answers possible) (Note: If you guess all of

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Which of the following are allowed a non-calendar (December 31) year end (without specific IRS approval)? (multiple answers possible) (Note: If you guess all of them, your answer will be deemed to be incorrect) a. Scorporation b. proprietorship c. partnership d. LLC e. Limited Partnership f. Not-for Profit g. C Corporation h. Trust If a taxpayer has "qbI" income of $50,000 from one business and "qbi" loss from another business of $60,000, what happens? a. the taxpayer has a "qbi" loss of $10,000 and thus gets no "qbi" deduction for the year and must carry the "qbi" loss back to prior years taxes b. the taxpayer has a "qbi" loss of $10,000 and thus gets no "qbi" deduction for the year c. the taxpayer has a "qbi" loss of $10,000 and thus thus must add the negative "qbi" adjustment for the year d. the taxpayer has "qbi" income of $10,000 and so gets a deduction for the current year e. the taxpayer has a "qbi" loss of $10,000 and thus gets no "qbi" deduction for the year and must carry the "qbi" loss forward to future years taxes

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