S-Corporations: How to Calculate the Shareholder’s Basis

2:00 pm–3:40 pm ET

# of CPE Credits



A detailed analysis of the calculations related to determining an S shareholder’s tax basis for S corporation shares and loans. How to use the Form 1120S, Schedule K-1 information for basis determination. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.


To provide a thorough review and update of the tax issues related to S corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation.


* Discusses the calculation of basis when the entity is formed including the impact of contributed property * Explains the importance of shareholder loans to the entity * Uses a comprehensive example to illustrate the mechanics of the basis determination process * Discusses how basis is impacted by distributions of corporation property * Explains how basis is impacted by sale/or liquidation of the S corporation interest * Discusses how S corporation losses impact Form 1040 Schedule E reporting * Shows how to get from the Schedule K-1 information to the basis calculations.

Who Should Attend

CPAs working in public accounting firms and/or working for S corporations.

Required Knowledge

Basic working knowledge of S corporation taxation and reporting.

Advanced Prep


Event Speaker(s)

Mr. Steven C. Dilley, CPA, JD, Ph.D. ( Federal Tax Workshops, East Lansing, MI ),

Additional Event Information

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Also Available As

Friday, May 20, 2022 (3:00 pm–4:40 pm ET)
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Thursday, July 21, 2022 (1:00 pm–2:40 pm ET)
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Friday, September 30, 2022 (2:00 pm–3:40 pm ET)
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Monday, October 3, 2022 (2:00 pm–3:40 pm ET)
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Level: Intermediate

Event Code:WB053422

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$85.00
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