S Corporations: Calculating Shareholder Basis
Monday, July 28, 2025
11 a.m.-1 p.m. Central
2 CPE (2 technical)
Course code: 25WX-1874
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A detailed analysis of the calculations related to determining a shareholder's tax basis for S corporation shares and loans. How to use the Form 1120S, Schedule K-1 information for basis determination. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Discuss the calculation of basis when the entity is formed including the impact of contributed property
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Explain the importance of shareholder loans to the entity
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Uses a comprehensive example to illustrate the mechanics of the basis determination process
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Schedule K-1 Basis and Form 7203
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Discuss how basis is impacted by distributions of corporation property
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Explain how basis is impacted by sale/or liquidation of the S corporation interest
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Discuss how S corporation losses impact Form 1040 Schedule E reporting
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Show how to get from the Schedule K-1 information to the basis calculations
Learning objectives
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Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations
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Determine strategies of a sale and/or liquidation
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Analyze how S corporation losses impact Form 1040 Schedule E-reporting
Who should take this program?
- CPAs working in public accounting firms and/or working for S corporations
Pricing
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Standard Member Fee |
$89.00
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 Standard Nonmember Fee |
$89.00
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