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January 22, 2023
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STOCK BASIS - FORGIVEN PPP LOAN

  • January 22, 2023
  • 1 reply
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Does the stock basis of a C  Corporation receive an increase by the amount of forgiven PPP. 

Thank you

    Best answer by Rick19744

    No.  Stock basis in C corporation stock only increases when you actually contribute capital; purchase additional stock.

    1 reply

    Rick19744
    Rick19744Answer
    Employee
    January 23, 2023

    No.  Stock basis in C corporation stock only increases when you actually contribute capital; purchase additional stock.

    *A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.