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danmasscpa
Level 2
April 24, 2021
Question

Does an S Corporate shareholder reduce their basis by the amount of annual QBI Deductions

  • April 24, 2021
  • 1 reply
  • 6 views

Does an S Corporate shareholder reduce their stock basis by the  amount of any QBI deduction taken on their personal 1040 ? 

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1 reply

G
goshen9882Intuit Community Champion
Intuit Community Champion
April 24, 2021

No.  Reg 1.199A-1(e)(1).

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