S Corporations: How to Calculate the Shareholder's Basis Webinar
Jun 17 2:00 - 4:00 p.m.
Online
2-Tax CPE Credits
A detailed analysis of the calculations related to determining an S shareholder's tax basis for S corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.
This course qualifies for PTIN credit.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. Highlights
Discusses the calculation of basis when the entity is formed including the impact of contributed property.
Explains the importance of shareholder loans to the entity.
Uses a comprehensive example to illustrate the mechanics of the basis determination process.
Discusses how basis is impacted by distributions of corporation property.
Explains how basis is impacted by sale/or liquidation of the S corporation interest.
Shows how to get from the Schedule K-1 information to the basis calculations.