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Can a shareholder's basis in S corporation stock ever be adjusted to a negative number? Why or why not? Is a shareholder allowed to increase

Can a shareholder's basis in S corporation stock ever be adjusted to a negative number? Why or why not?

Is a shareholder allowed to increase her basis in her S corporation stock by her share of the corporation's liabilities, as partners are able to increase the basis of their ownership interest by their share of partnership liabilities? Explain.

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