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Which of the following statements is true about an electing small business trust? A. Beneficiaries can be estates. B. Beneficiaries must be individuals. C. Beneficiaries

Which of the following statements is true about an electing small business trust?

A. Beneficiaries can be estates.
B. Beneficiaries must be individuals.
C. Beneficiaries cannot be charitable organizations.
D. It is not permitted as an S corporation shareholder

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