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As that is teh first tax return for S-corporation - you start with zeros.
There is no retained earning at the beginning - but you may have some at the end of teh tax year.
You either contribute cash or assets.
If you contribute assets - these are based on your adjusted basis.
That would be shareholder capital account.
You may provide loans to S-corporation - that is not an issues. But that should be bona fide loan with realistic expectation to be paid back.
Neither will affect taxable income of S-corporation - that is based on your specific circumstances.