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Do you remember that 1998 New Radicals pop song called “You Only Get What You Give?” We’re as surprised as you are that the song isn’t about SCorporation basis. Regardless, it’s “basically” how basis works.

Your SCorporation basis is your individual equity in the SCorporation. When you contribute funds or other property into an SCorporation, your basis increases. When you pull income out of your SCorporation, your basis in the SCorporation decreases. Often different shareholders in an SCorporation start with equal basis amounts, but each shareholder’s basis can diverge through the life of the business.

In this video we’ll cover why basis matters, why it matters whether a distribution is a dividend, and the importance of calculating your basis annually.

To read the full blog post, head over to our website: https://www.tldraccounting.com/basis...

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