An S corporation shareholder's basis includes his or her direct investments plus a ratable share of any corporate liabilities.

Name: An S corporation shareholder's basis includes his or her direct investments plus a ratable share of any corporate liabilities.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

An S corporation shareholder's basis includes direct investments and the shareholder's share of income, losses, and distributions, but not corporate liabilities.

An S Corporation Shareholder's Basis Includes His or Her Direct