Shareholder's Basis in Loans, Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents

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Shareholder's Basis in Loans - Depository Glossary Terms and Abbreviations

The measure of loans made directly by a shareholder to an S corporation, which can be used to provide additional basis for the deduction of losses after the shareholder's basis in stock is exhausted. It is calculated using the initial amount of the loan, adjusted to reflect S corporation pass-through items.

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