STOCK BASIS - FORGIVEN PPP LOAN

Binderclip828- · ‎January 22, 2023

Does the stock basis of a C Corporation receive an increase by the amount of forgiven PPP.

Thank you

Rick19744 · ‎January 22, 2023

No. Stock basis in C corporation stock only increases when you actually contribute capital; purchase additional stock.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Rick19744 · ‎January 22, 2023

No. Stock basis in C corporation stock only increases when you actually contribute capital; purchase additional stock.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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