The basis of a shareholder in his or her Subchapter S stock is increased by his or her share of corporate charitable contributions.

Name: The basis of a shareholder in his or her Subchapter S stock is increased by his or her share of corporate charitable contributions.
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Question

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A shareholder's basis in S corporation stock is increased by income items and decreased by losses, deductions, and distributions. Charitable contributions do not increase the basis.

The Basis of a Shareholder in His or Her Subchapter