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S
Sigmafs
Level 1
February 18, 2021
Question

EIDL Increase Basis?

  • February 18, 2021
  • 1 reply
  • 1 view

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

Thank you!

This topic has been closed for replies.

1 reply

sjrcpa
sjrcpa
Level 15
February 18, 2021

That's a loan. So no.

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