S Corporation Basis, Distributions, and Loss Limitations

3 CPE Credit Hours

After completing this course, participants will be able to:

Calculate and track S corporation shareholder basis, including stock basis, debt basis, annual adjustments, and ordering rules.

Determine the tax treatment of S corporation distributions and losses by applying basis, at-risk, and passive activity limitations.

QAS Self-Study

Prerequisites: None

Advance preparation: None

Field of Study: Taxes – Technical

3 CPE credits

Published Date: 06/02/2026

Expiration/Review Date:06/02/2027

Participants must successfully complete the qualified assessment with a minimum of 70% accuracy within one year of course enrollment to obtain a certificate of completion and earn 3 CPE credits.