a$.$A shareholder's basis is increased by nonseparately computed income and separately stated income items.

TrueFalse

b$.$Once stock basis is zero, any additional basis reductions from losses or deductions, but not distributions, decrease $($but not below zero$)$ the shareholder's basis in loans made to the S corporation.

TrueFalse

c$.$If a loss and a distribution occur in the same year, the distribution reduces the stock basis last, after the loss.

TrueFalse

d$.$Corporate borrowing has no effect on S corporation shareholder basis.