Discussion:At Risk Rules

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Revision as of 20:56, 30 September 2009

Discussion Forum Index --> Advanced Tax Questions --> At Risk Rules
Discussion Forum Index --> Tax Questions --> At Risk Rules

Ss-cpa (talk|edits) said:

30 September 2009
As I understand, if a 100% shareholder loans his personal monies to his S Corporation, then that will give him basis for deducting losses. I was told by the IRS that under the At Risk Rules, he would not be at risk for these monies. She said that the At Risk Rules do not allow the consideration of the shareholder loans to the corporation. Is that correct?
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