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One major difference between the S corporation and partnership federal income tax election election A....

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Accounting

One major difference between the S corporation and partnership federal income tax election election

A. partnership can adjust the inside basis of partnership assets to reflect the priemun partnership interest by making a Section

B. only partnership benefit from pass-through taxation

C. S corporation shareholders obtain additional tax basis from corporate debt

D. S corporation can make special allocations of tax items among the shareholders

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