### Question
How is the "subchapter S item" defined?


### Answer
The term **subchapter S item** is defined in *26 U.S.C. § 6245* as follows -

> any item of an S corporation to the extent regulations prescribed by the Secretary provide that, for purposes of this subtitle, such item is more appropriately determined at the corporate level than at the shareholder level

#### Citation:
  - *26 U.S.C. § 6245*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 63-ASSESSMENT > Subchapter D-Tax Treatment of Subchapter S Items**

