Webinar (CPA Crossings): S Corporations: How to Calculate the Owner’s Basis in S Corporation Stock

Description

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.

Learning Objectives

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.

Major Topics
  • 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 and/or liquidation of the S corporation interest.
  • Shows how to get from the Schedule K-1 information to the basis calculations.
Provider
CPA Crossings, LLC
Course Level
Intermediate
CPE Field of Study
Tax
2.0
Instructor(s)
Steven Dilley
Prerequisites

None

Advanced Preparation

None

Register Now
When
Mar 19, 2019
11:00 am - 1:00 pm MDT
Location
TBD
Total CPE Credits
2.0
Format
Webinar
Instructor
Steven Dilley

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Webinar (CPA Crossings): S Corporations: How to Calculate the Owner’s Basis in S Corporation Stock


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