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Which of the following tax consequences is not determined by reference to a shareholder's adjusted basis in the shareholder's stock in an S corporation?

a. the extent to which a distribution made by the corporation to the shareholder is taxable.

b. the amount of losses that the shareholder may deduct in a given year.

c. the shareholder's realized gain or loss upon the sale or exchange of the stock.

d. the amount of distributions to which the shareholder is entitled in a given year.

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