In calculating the owner's initial basis for an ownership interest, which of the following business entity forms have a carryover basis and which have a stepped-up or stepped-down basis associated with its formation?
a. C corporation.
b. S corporation.
c. Partnership.

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The Answer of In calculating the owner's initial basis for an ownership interest, which of the following business entity forms have a carryover basis and which have a stepped-up or stepped-down basis associated with its formation?
a. C corporation.
b. S corporation.
c. Partnership.

In Calculating the Owner's Initial Basis for an Ownership Interest