Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, must be filed with an S corporation shareholder’s 1040 if that shareholder claims a deduction for their share of an S corporation loss, received a loan repayment from an S corporation, disposed of stock in an S corporation or received a non-dividend distribution from the S corporation.

This webinar will go through the form, line by line, and show you where to get the necessary information to fill it out correctly.

  • Understand the purpose of the form
  • Identify taxpayers who must file it
  • Learn basics of S-corp stock basis and debt basis
  • Review the form
  • Study examples of a filled-out form
Amy M. Wall
Amy M. Wall, EA, MBA, is retired from her private tax practice in Tucson, Arizona, where she worked with individuals, small businesses and S Corporations. Amy now spends her time teaching and writing on taxation. She teaches for several continuing education providers and has been published in a number of tax journals, including NATP’s Tax Pro Journal and Wolters Kluwer Journal of Tax Practice & Procedure. She is the author of Virtual Tax: the taxation of Cryptocurrency; Income Taxes for Real Estate Agents; Divorce and Taxes, and The Parish, a work of fiction about a tax preparer whose nighttime clients aren’t quite what they seem.
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