Is interest income earned in an SCorp's bank account included in the calculation of an SCorp's basis as an addition?
You'll need to sign in or create an account to connect with an expert.
The calculation should include separately stated items.
See https://www.irs.gov/instructions/i1120ssk#idm140355075208448
here's a worksheet you can use
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
_John__
Level 2
user17632779997
Returning Member
markorec
Level 2
sakethuk2
Level 2
ruth
New Member