If a Shareholder in an S Corporation Makes a Loan

question 110

True/False

If a shareholder in an S corporation makes a loan to the corporation, this increases the basis in his stock investment.

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Definitions:

Uracil

A nitrogen-containing base found in RNA which pairs with adenine during the formation of RNA strands.

Hybridization

The process or model by which atomic orbitals mix and form new hybrid orbitals of equivalent energies, explaining the bonding and shape in molecules.

Nitrogens

Chemical elements with the symbol N and atomic number 7, essential for all living organisms.

Pi Bonds

Covalent chemical bonds formed by the side-to-side overlap of p orbitals, characterizing the electron density located above and below the axis of the bonded atoms.