Character of items received by corporation but accounted for by shareholder.

Miss. Code Ann. § 27-8-9
in effect
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The character of any S corporation item taken into account by a shareholder of an S corporation under Section 27-8-7(2) shall be determined as if such item were received or incurred by the S corporation and not its shareholder.
Miss. Code Ann. § 27-8-9 — Character of items received by corporation but accounted for by shareholder | Mississippi Code Annotated | Corpus