Objective
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- Calculate an S corporation shareholder's basis in his or her S corporation shares on Form 7203 

- Understand and apply the S corporation shareholder loan basis rules 

Highlights
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- Introduction to Form 7203 

- Introduction to the calculation of stock basis 

- Introduction to the calculation of loan basis 

- Taxable and nontaxable S corporation distributions to shareholders 

- The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses 

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