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Transferor Shareholder's Stock Basis on Form 7203 Affected by Gifting Away S-Corp Stock?

jeffreyeng
Level 3

Hi,

I have a S-Corp where one shareholder gifted his S-Corp stock to another person in 2023. Is the transferor shareholder's stock basis affected by the gift to another person on Form 7203?

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1 Comment 1
sjrcpa
Level 15

It should be. Line 13?


Ex-AllStar
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