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			Level 15
		
	
				
		
	
		
			
    
	
		
		
		08-28-2020
	
		
		03:36 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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It is theoretically possible that shareholder transferred real estate to S Corp "subject to" the mortgage. In which case, contributed capital = FMV real estate less mortgage balance.
Shareholder's basis for this capital contribution = Basis real estate less mortgage balance.
The more I know the more I don’t know.