Subchapter S Corporation Losses Limited by Tax Basis
One of the benefits of Subchapter S corporations is the ability to have losses flow through from the business’ tax return to the individual shareholder’s tax return. These flow-through losses are limited by the shareholder’s tax basis in the S corporation stock. The court recently addressed this limitation in Tinsley v. Commissioner, T.C. Summary Opinion […] The post Subchapter S Corporation Losses Limited by Tax Basis appeared first on Houston Tax Attorney.
Source: Houston Tax Attorney