Tag's: Can I deduct all losses from my S corporation

There are rules that limit the amount of losses you can take from your s corporation schedule K-1. Shareholders must be aware of these 3 limitations: Basis limitation At risk rules Passive activity loss rules Basis limitation What is basis? Basis is a measure of a shareholders investment in the business. Basis is not difficult to compute if done on a regular basis. Basis should be computed when, the business experiences