Question: Explain the positive and negative adjustments to the basis of an S corporation shareholders stock investment and the basis of an S corporation debt owed

Explain the positive and negative adjustments to the basis of an S corporation shareholder’s stock investment and the basis of an S corporation debt owed to the shareholder.

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Explain the positive and negative adjustments to the basis of an S Corporation shareholders stock investment and the basis of an S Corporation debt owed to the shareholder

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