https://ttlc.intuit.com/community/business-taxes/discussion/scorp-basis-calculation/01/2215042#M73223 <P>Is interest income earned in an SCorp's bank account included in the calculation of an SCorp's basis as an addition?</P> Sun, 18 Apr 2021 15:49:53 GMT nouna 2021-04-18T15:49:53Z https://ttlc.intuit.com/community/business-taxes/discussion/scorp-basis-calculation/01/2215042#M73223 <P>Is interest income earned in an SCorp's bank account included in the calculation of an SCorp's basis as an addition?</P> Sun, 18 Apr 2021 15:49:53 GMT https://ttlc.intuit.com/community/business-taxes/discussion/scorp-basis-calculation/01/2215042#M73223 nouna 2021-04-18T15:49:53Z https://ttlc.intuit.com/community/business-taxes/discussion/re-scorp-basis-calculation/01/2215064#M73225 <P>The calculation should include separately stated items.</P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.irs.gov/instructions/i1120ssk#idm140355075208448" target="_blank" rel="noopener">https://www.irs.gov/instructions/i1120ssk#idm140355075208448</A></P> Sun, 18 Apr 2021 21:59:21 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-scorp-basis-calculation/01/2215064#M73225 Anonymous_ 2021-04-18T21:59:21Z https://ttlc.intuit.com/community/business-taxes/discussion/re-scorp-basis-calculation/01/2215498#M73234 <P>here's a worksheet you can use</P> <P><A href="https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/S_Corporation_Shareholders_Adjusted_Basis_Worksheet.pdf" target="_self">https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/S_Corporation_Shareholders_Adjusted_Basis_Worksheet.pdf</A>&nbsp;</P> Sun, 18 Apr 2021 18:36:25 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-scorp-basis-calculation/01/2215498#M73234 Mike9241 2021-04-18T18:36:25Z