S Corporation Basis & Distributions

For stock received by gift the lesser of donor’s basis or FMV at time of gift . 12 - S-Corporation Basis & Distribution. 5. Page 222. I. Shareholder Stock Basis. Basis issues can be easily ... indicated the taxpayer’s S Corp is the borrower. The taxpayer used the loan for basis to deduct losses. In the case the Court sided with: A. The ... ................
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