Shareholder's Basis in Loans, Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents
List of United States Depository Institutions, Credit Unions, Guide Service
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.