Solved by verified expert :1361. CHAPTER
12—S CORPORATIONS Question CO #15
Depreciation recapture income is a ____________________ computed amount.
1362. CHAPTER
12—S CORPORATIONS Question CO #16
An S corporation’s separately stated items generally are identical to those
separately stated by _________________________.
1363. CHAPTER
12—S CORPORATIONS Question CO #17
Separately stated items are listed on Schedule _________________________ of the
Form 1120S.
1364. CHAPTER
12—S CORPORATIONS Question CO #18
In the case of a complete termination of an S corporation interest, a
____________________ tax year may occur.
1365. CHAPTER
12—S CORPORATIONS Question CO #19
The amount of any distribution to an S corporation shareholder is equal to the
____________________ plus the fair market value of any other property
distributed..
1366. CHAPTER
12—S CORPORATIONS Question CO #20
Post-termination distributions by a former S corporation that are charged
against ____________________ do not get tax-free treatment.
1367. CHAPTER
12—S CORPORATIONS Question CO #21
Since loss property receives a ____________________ in basis without any loss
recognition, S corporation distributions of loss property should be
____________________.
1368. CHAPTER
12—S CORPORATIONS Question CO #22
Realized gain is ____________________ by an S corporation on its distribution
of appreciated property.
1369. CHAPTER
12—S CORPORATIONS Question CO #23
Non-separately computed loss ____________________ a S shareholder’s stock
basis.
1370. CHAPTER
12—S CORPORATIONS Question CO #24
An S corporation recognizes a gain on any distribution of ____________________
property.
