Stock Basis vs Debt Basis- S Corporation Stockholders. By Darius Clark

The CPA REG Exam requires a candidate to be familiar with the concept of shareholder basis for S Corps, Partnerships and also C Corporations.
course.i75cpa....

[@feishen862]

Amazing explanation ❤

[@codym2049]

55,000.
Thank you for this video. Becker doesn't seem to cover this at all

[@arizonaarcher9323]

Yup. That's why I'm here.

[@summerhu3875]

There is a mcq on how much he can deduct， but never mentioned about what if next year he got paid back and taxed as capital gain。

[@user-ju5vh4wl9g]

I am assuming it is a short capital gain since the loss was taxed as ordinary income?

[@nathanhenriette5193]

Thank you

[@johnatlas3452]

55k

[@deewadefan3408]

In the second question, why does the $4000 get taxed as capital gain? Wouldn’t it be reduced by the $2000 carry forward from the previous year that was left over from the loss?

[@tomginther8230]

that's exactly what I was wondering

[@Ricardo-ix5eu]

$4000 capital gain in Y22 because basis is ZERO ending Y21.
$2000 loss carryforward from Y21 can only offset in Y22 if there is aadditional basis (e.g. addtl contribution)

[@jmay5354]

what's the correct answer? 5k or 55k??

[@gaganarora651]

$55,000

[@kgg3324.-7.]

55

[@arisoroyal]

$55,000