Loans to Stockholders at close of S Corp

LinkBack

Thread Tools

Search this Thread

Display Modes

#1 (permalink)

02-05-2014, 11:03 AM

Jant53

Junior Member

Join Date: Feb 2014

Posts: 1

Loans to Stockholders at close of S Corp

I have an S-Corp that closed in 2013 leaving an amount due to stockholders that was put into the company for cash flow. What happens to that? Can it be taken as a loss on the 1040? The S-Corp had a loss for the final year.

« Where in 1120S do I report Bank Interest 1099-INT? | How to Dissolve S Corp and Take back depreciated assets »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Close on Building 12/2013 or 1/2014?	lbohen	Capital Gains	1	12-03-2013 03:27 PM
Dissolve S-Corp-Loans FROM Shareholder	chid220	S-Corporation	2	08-15-2012 11:03 AM
Dissolving an S corp with outstanding loans to shareholders	ldbrownaz	S-Corporation	0	09-02-2009 07:07 AM
Loans to LLC	dideloren	Limited Liability Company	0	03-09-2009 03:04 PM
Unpaid Loans Made to Dissolved S Corp	JohnD	S-Corporation	4	02-21-2009 10:05 PM

» Categories

Ask TaxGuru?

Individual

» Income

» Estimated Taxes

» Capital Gains

» Itemized Deductions

» IRA/Sep

» Rental Real-Estate

» Alternative Minimum Tax

» Filing Requirements

» Sole-Proprietorship

» Medical

» Auto Expenses

» Social Security

» Tax Credit

» Depreciation

» Divorce Tax Issues

» Homeowner Tax

» Multistate

Corporations

» C-Corporation

» S-Corporation

» Limited Liability Company

» Payroll

» Multistate Tax Issues

» Non-Profit Organisation

» Trusts and Gift Tax Returns

Forum for CPAs

» CPA Forums

Financial Planning

» Estate Planning

» Retirement Planning

» Investment Strategy

» Education Planning

» Life Insurance

» Tax News

» Tax Calculators

» Downloads

» Contact Us

» Latest Tax Tips
How can I obtain the IRS 2021 Form W-7 with the...
IRS extends C Corporation filing date to May 17, 2021
Which Taxpayer Qualifies for Advance Payments?
How do you get a "147C Online- EIN Designation Confirmation...
What are the Foreign Earned Income Exclusion for 2019?

» Recent Tax Q&A
No Threads to Display.

» Free Downloads

Latest Files

What Are the Important Highlights Of 2010 Tax Law
EzWagez Payroll System
TurboCASH
AlauxSoft Accounts and Budget
Gas Mileage MPG Tracker