Can someone please explain the rules for imputed interest tax owed BY a shareholder on 0% interest loans made TO an S corp?
-Is it based on the shareholder's loan basis?
-Is there a $10K cut-off below which there is no imputed interest?
-Does a 1099-INT get issued to the shareholder?
-Does the S corp take a deduction on the imputed interest?
There are no clear explanations on the irs web site.
Thanks
Imputed interest tax on shareholder loans 
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