Using S losses to generate future capital gains – planning opportunities available for shareholders with capital losses.: An article from: The Tax Adviser Review
Using S losses to generate future capital gains – planning opportunities available for shareholders with capital losses.: An article from: The Tax Adviser Overview
This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on July 1, 1994. The length of the article is 1358 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: S corporation shareholders with zero stock basis may wish to consider structuring a loan to the S corporation and exchanging capital losses for accelerated S losses. The S corporation losses can be used currently, but use of the losses will result in reduced-basis debt that will require the taxpayer to incur capital gain in a subsequent year. For some taxpayers, this arrangement may be a effective means of using losses that would otherwise be unused. Careful analysis is required to determine whether the individual S shareholder would benefit from this transaction.
Citation Details
Title: Using S losses to generate future capital gains – planning opportunities available for shareholders with capital losses.
Author: Chip Lightfoot
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1994
Publisher: American Institute of CPA’s
Volume: 25 Issue: n7 Page: 432(3)
Distributed by Thomson Gale
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