TaxGuyBill
Level 15
09-23-2021
10:14 AM
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@BeccaGolden wrote:
The program is automatically offsetting the loss in excess of basis against the debt basis but my understanding is that the loss cannot be offset because it's not a loan to the entity from the shareholder.
Maybe I'm not thinking clearly, but why is there Debt Basis if there is not a loan from the shareholder?