[Accounting123]

I am taking my exam very soon, and I cannot understand the difference between the basis for individuals, S-Corps, Corporation, etc. And what the basis would be for an individual / shareholder or for a corporation.

Has anybody made anything… table / summary ANYTHING, that would help with all of this information. For instance start off with individuals and what the basis is for individuals and the basis for that corporation. Then if you are a shareholder – what the basis would be for the shareholder vs. the company.

I keep getting so confused and could really use some help.