qbteachmt
Level 15
09-14-2021
12:27 PM
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"W-2 income?"
Did they take home their takehome pay, or leave it in the business for banking purposes? You show wages, which would not be added to basis. But, a shareholder not taking home the takehome pay is the same as loan from shareholder or additional paid in capital (money in business bank).
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Don't yell at us; we're volunteers