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:

Chronic Illness

a long-lasting health condition that may not have a cure, impacting the individual's lifestyle and possibly requiring ongoing treatment.

U.S. Population

The total number of people living in the United States, including all ethnicities and demographic segments.

Older Than 65

The demographic group classified as senior citizens, typically associated with the age at which one is considered eligible for government-assisted retirement benefits.

Strains Of Caregiving

The pressures, stresses, or burdens experienced by individuals who provide care for others, often leading to physical or emotional strain.