I also think that you are the original shareholder.
How much did you contribute to the entity when the sub S was formed? The contribution may be in cash or property or a combination of both.
The balance sheet that you reported as a sole member on December 31, 2021 will likely report what was contributed upon the formation of the sub S on January 1, 2022.
IRS Stock Basis states:
Computing Stock Basis
In computing stock basis, the shareholder starts with their initial capital contribution to the S corporation or the initial cost of the stock they purchased (the same as a C corporation). That amount is then increased and/or decreased based on the pass-through amounts from the S corporation. An income item will increase stock basis while a loss, deduction, or distribution will decrease stock basis.
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