Election to Reduce Basis of S Corporation Shares by Items of Loss Before Nondeductible Expenses
Pursuant to Reg. Sec. 1.1367-1(g) taxpayer hereby elects to reduce basis by losses and deductions before nondeductible expenses and oil and gas depletion. Taxpayer agrees to carry over to the succeeding taxable year the nondeductible, noncapital expenses and oil and gas depletion deductions that exceed stock and debt basis.
S Corporation Name: Madison, Inc.
S Corporation EIN: 20-5555555
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--Last update 05/28/13