subchapter S item

(4) Subchapter S item For purposes of this subsection, the term “subchapter S item” means any item of an S corporation to the extent that regulations prescribed by the Secretary provide that, for purposes of this subtitle, such item is more appropriately determined at the corporation level than at the shareholder level.


26 USC § 6037(c)(4)

Scoping language

For purposes of this subsection
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