Do liabilities of an S corporation affect the basis of a shareholders stock in the same manner

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Do liabilities of an S corporation affect the basis of a shareholder’s stock in the same manner as partnership liabilities affect the basis of a partner’s partnership interest? Explain.

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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