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posted Mar 11, 2025 12:10:31 PM

How to record unpaid APIC to shareholder

An S Corp sold it's business and could not repay the shareholder their APIC.  How do you reflect that loss on the shareholder's 1040?

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1 Replies
Expert Alumni
Mar 21, 2025 11:35:28 AM

If the sale of the business resulted in insufficient funds to return all capital to the shareholders, the result would increase the loss on the sale when reported on the shareholder's personal tax return. In other words, they paid in more than they got back, which would be a loss on the investment.