If an S Corporation Shareholder's Basis in a Loan to the Entity

question 106

Short Answer

If an S corporation shareholder's basis in a loan to the entity has been reduced, the shareholder recognizes gross income when the S corporation ____________________ the shareholder.

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Definitions:

Shared Presentation

A presentation that has been made accessible to multiple users for viewing, editing, or collaborative purposes.

Co-authoring Pane

A feature in some software applications that allows multiple users to edit a document simultaneously and see each other's changes in real-time.

Slide Show Monitor

A display device or program used for presenting a series of pictures or slides in a sequence.

Resolution

The detail level of a digital image or display, defined by the number of pixels in width and height.