Which of the following statements about qualifying shareholders of an S corporation is correct?

Which of the following statements about qualifying shareholders of an S corporation is correct?


A. A general partnership may be a shareholder.

B. Only individuals may be shareholders.

C. Individuals, estates, and certain trusts may be shareholders.

D. Nonresident aliens may be shareholders.


Answer: C. Individuals, estates, and certain trusts may be shareholders.


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