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

Prerequisites

None

Advanced Preparation

None

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