S corp distributions
Where do you enter distributions in excess of basis in proseries for an S corp
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02/24/10 4:45pm PST
Viewed by asker 02/25/10 4:52am PST
Viewed by asker 02/25/10 4:52am PST
2 Replies
02/25/10 4:47am PST
Shareholder distributions are on 1120S, page 3, line 16. There is a smart worksheet. Amount flows to shareholder K-1.
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02/25/10 6:20am PST
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Distributions in excess of basis go on schedule D.
If this answers your question please click, um, ok I forgot what you are supposed to click. If this answered your question, how about just saying thanks and we will call it good.
