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Which of the following is NOT an adjustment to an S corporation shareholder's stock basis? a) Decrease for distributions during the year. b) Increase
Which of the following is NOT an adjustment to an S corporation shareholder's stock basis? a) Decrease for distributions during the year. b) Increase for shareholder's share of an increase in S Corporation liabilities. c) Increase for shareholder's share of ordinary business income. d) Decrease for shareholder's share of nondeductible items. e) Increase for any contributions to the S corporation during the year.
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