Miss. Code § 27-8-9

Current through the 2024 Regular Session

Section 27-8-9 - Character of items received by corporation but accounted for by shareholder

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 § 27-8-9

Laws, 1993, ch. 456, § 5, eff. 1/1/1994.