- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
how about original stockholder. no your beginning stock basis is unlikely to be zero. when you converted the taxation from a single-member LLC to an S-Corp your basis would be the tax basis of assets less any liabilities of the LLC that is now taxed as an S-corp. This number should not be less than zero.
March 12, 2023
10:15 AM