An issue concerning the deductibility of suspended S Corporation losses just got a little clearer.
From Forbes.com
So essentially, you took 3,500 words to explain that if 1) I can’t
generate debt basis in an S corporation merely be guaranteeing debt of
the S corporation, and 2) if I have a related party that is loaning
money to my loss S corporation, the best way to fix the problem and give
myself debt basis in the S corporation is to have the loaning related
party distribute the note receivable to me? That is some quality,
succinct writing.
Read more at forbes.com
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