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Where to enter shareholder basis
ProSeries: 2008
11/5/09 12:41 PM, Viewed by asker 11/5/09 1:07 PM
Total Views: 37
11/5/09 12:41 PM, Viewed by asker 11/5/09 1:07 PM
Total Views: 37
In the 1040 program, where do I enter my client's basis in the S-corp that sent him a K-1?
If there isn't anywhere to enter the basis, how do I tell the program to not give him the loss if his basis is already zero?
All Replies: Answers (1)
Rating + 3
Answer
11/5/09 1:41 PM
K-1 w/s part II, check box for not all at-risk. Then click to go to F6198.
As it gets closer to tax season, I wish I had some hair to pull out.
