Intuit Accountants Community
:
ProConnect Tax
:
ProConnect Tax Discussions
:
EIDL Increase Basis?
Sigmafs
Level 1
02-18-2021
04:01 PM
Mark as New
Bookmark
Subscribe
Permalink
Print
Report Inappropriate Content
S Corp shareholder receive $150K EIDL. Does it increase debt basis?
Thank you!
Labels
ProConnect Tax
0
Cheers
sjrcpa
Level 15
02-18-2021
05:35 PM
Mark as New
Bookmark
Subscribe
Permalink
Print
Report Inappropriate Content
That's a loan. So no.
The more I know the more I don’t know.
2
Cheers
