A shareholder in an S corporation can include only his or her own loans to the corporation in tax basis.

Name: A shareholder in an S corporation can include only his or her own loans to the corporation in tax basis.
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According to IRS regulations, a shareholder in an S corporation can only include their own loans and certain other personal investments in the corporation towards their tax basis. They cannot include loans made by other shareholders or third parties.

A Shareholder in an S Corporation Can Include Only His