An S Corporation Shareholder's Basis May Be Affected by Some

An S corporation shareholder's basis may be affected by some or all business liabilities

A) Never
B) Because the basis is increased by the amount of debt directly owed by the S corporation to the particular shareholder when there is a net loss allocated to that shareholder
C) Because the basis is increased by the shareholder's share of all business liabilities
D) When there is AEP from C corporation years