Free for NAEA Members | $50 Nonmembers
Speaker: Patrick Dimmit, EA, MST
This webinar reviews the rules for the computation of shareholder basis in S corporation stock and indebtedness, how the allowable amounts of loss and deduction are determined in a year when there is a basis limitation, and the basis restoration rules that apply to shareholder loans. Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, will be reviewed with examples showing the form’s proper completion.