Surgent's Guide to Calculating S Corporation Shareholder Stock and Loan Basis
Wednesday, June 25, 2025
Noon-2 p.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 25WS-0458
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This program discusses, in a practical way, how an S corporation shareholder calculates their stock and loan basis on Form 7203. Form 7203 is the IRS Form on which a shareholder is sometimes required to calculate their stock and loan basis. This topic is particularly important when an S corporation has a loss and the shareholders wish to know whether they are entitled to fully utilize the loss that has been allocated to them against their other income.
Major subjects
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Introduction to Form 7203
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Introduction to the calculation of stock basis
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Introduction to the calculation of loan basis
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Taxable and nontaxable S corporation distributions to shareholders
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The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses
Learning objectives
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Calculate an S corporation shareholder's basis in his or her S corporation shares on Form 7203
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Understand and apply the S corporation shareholder loan basis rules
Who should take this program?
- Any tax practitioner with S corporations or S corporation shareholders as clients
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