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Which of the following items, if any, has no effect on the stock basis of an S corporation shareholder? Operating income. The 20% QBI deduction.
Which of the following items, if any, has no effect on the stock basis of an S corporation shareholder?
Operating income.
The 20% QBI deduction.
Short-term capital gain.
Advertising expenses.
Long-term capital loss.
I think it's either the QBI deduction or the advertising expenses.
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