Surgent's Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets (Self-Study)


Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 2.0
2.0 IRS CE approved
of study
Taxes - Technical (2.0)
Standard member fee $49.00
checkmarkStandard nonmember fee $49.00

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This program discusses, in a practical way, how an S corporation shareholder calculates his or her stock and loan basis. This topic is particularly important when an S corporation has a loss and the shareholders wish to know whether they are entitled to fully utilize the loss that has been allocated to them against their other income.

Who should take this program?

Any tax practitioner with S Corporations or S Corporation shareholders as clients

Major subjects

  • How to determine S Corporation shareholder stock and loan basis
  • The positive and negative basis adjustments S Corporation shareholders make--and the order in which they are made
  • The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses
  • Shareholder loan basis rules

Learning objective(s)

  • How to calculate an S Corporation shareholder's basis in his or her S Corporation shares
  • Understand and apply the S Corporation shareholder loan basis rules


Course code Code JSODCSSB
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. Basic understanding of tax rules relating to S Corporations and S corporation shareholders