DESCRIPTION
Calculating basis is a common challenge for every business tax return that you encounter. Join us for a refresher on the increases and decreases of S corporation shareholder basis. Topics include calculating the annual roll forward, limitations that lead to suspended losses, and preparing Form 7203.
LEARNING OBJECTIVES
- Identify the increases and decreases to S Corporation shareholder basis and review the ordering rules for items that affect shareholder basis.
- Discuss Form 7203 and the required reporting
