Colorado § 39-22-324 - Basis and adjustments.
Full text of Colorado Colorado Revised Statutes § 39-22-324 — Basis and adjustments., with citation guidance and answers to common questions.
§ 39-22-324. Basis and adjustments.
The basis in the hands of a shareholder of an S corporation in the stock of the S corporation and any indebtedness of the S corporation to the shareholder shall be determined in the manner provided under the internal revenue code.
Source: L. 92: Entire section added, p. 2261, § 1, effective April 16.
Frequently Asked Questions About Colorado § 39-22-324
What does Colorado Revised Statutes § 39-22-324 cover?
Section 39-22-324 ("Basis and adjustments.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 39-22-324?
A common citation format is "Colorado Revised Statutes § 39-22-324" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 39-22-324 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.