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Sigmafs
Level 1
Feb 18, 2021 10:01 PM UTC
Question

EIDL Increase Basis?

S Corp shareholder receive $150K EIDL.  Does it increase debt basis?

Thank you!

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1 reply

sjrcpa
sjrcpa
Level 15
Feb 18, 2021 11:35 PM UTC

That's a loan. So no.

The more I know the more I don’t know.
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