Objective
- How to calculate an S corporation shareholder's basis in his or her S corporation shares
- Understand and apply the S corporation shareholder loan basis rules
Highlights
- How to determine S corporation shareholder stock and loan basis
- The positive and negative basis adjustments S corporation shareholders make--and the order in which they are made
- The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses
- Shareholder loan basis rules
Designed For
Any tax practitioner with S corporations or S corporation shareholders as clientsPrerequisite
Basic understanding of tax rules relating to S corporations and S corporation shareholdersAdvanced Preparation
None