Tax year
Heads up · Free tool limitation
This calculator tracks stock basis only. Shareholder loans create separate debt basis that can absorb more losses.
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Stock basis schedule
Income → distributions → nondeductibles → losses. Per §1367 / §1368 / §1366(d).
Increases
Distributions · §1368
Nondeductibles · §1367(a)(2)
Losses · §1366(d)
Stock basis waterfall
Beginning stock basis
$0Increases (income, gains, tax-exempt, contributions)§1367(a)(1)
$0Distributions applied§1368
$0Nondeductibles§1367(a)(2)
$0Losses allowed by stock basis (current + carryforward)§1366(d)
$0Ending stock basis
$0Free tool · Next step
You calculated the basis. Now learn how to defend it.
This free S Corporation Basis Tracker helps you work through the numbers, but the real advisory skill is knowing what the numbers mean, where they belong on the return, and how to explain them to a client or defend them under review.
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S Corp Basis Masterclass
- › Master stock basis and debt basis
- › Understand loss limitations and suspended losses
- › Learn how basis affects distributions
- › Work through Form 7203
- › Practice with a real basis reconstruction case study
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Ultimate Entity Basis Guide
- › 100+ page ebook with deep explanations
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- › Full debt-basis tracker with auto roll-forward
- › Track S corporations, partnerships, and C corporations
The free tracker resets when the app closes. The full platform is built for persistent client workpapers and multi-entity basis tracking.
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