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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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