Explain the positive and negative adjustments to the basis of an S corporation shareholders stock investment and

Question:

Explain the positive and negative adjustments to the basis of an S shareholder’s stock investment and the basis of an S debt owed to the shareholder.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...