Pass-through S corporation losses can reduce the basis in the shareholder's loan to the entity, but distributions do not.

Name: Pass-through S corporation losses can reduce the basis in the shareholder's loan to the entity, but distributions do not.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Pass-through S corporation losses can reduce the basis in the shareholder's loan to the entity, commonly referred to as the basis of the shareholder’s stock or debt, but distributions do not affect the basis.

Pass-Through S Corporation Losses Can Reduce the Basis in the Shareholder's