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 will demonstrate 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 either during or after the event.
To provide a thorough review and update of the tax issues related to S corporation owner’s basis from formation through operations and concluding with sale and/or liquidation.