Which of the following items, if any, has no effect on the stock basis of an S corporation shareholder?

a. Advertising expenses. b. Short-term capital gain. c. Operating income. d. The 20% QBI deduction.

Which of the following reduces a shareholders S corporation stock basis?

a.Illegal kickbacks paid.

b.Depletion deductions in excess of the basis of property.

c.A 20% QBI deduction.

d.Nontaxable income.