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Level 2
April 18, 2021
Question

SCorp Basis Calculation

  • April 18, 2021
  • 1 reply
  • 7 views

Is interest income earned in an SCorp's bank account included in the calculation of an SCorp's basis as an addition?

    1 reply

    Level 15
    April 18, 2021

    The calculation should include separately stated items.

     

    See https://www.irs.gov/instructions/i1120ssk#idm140355075208448

    Mike9241
    Level 15
    Level 15
    April 18, 2021