I have read the intuit info on shareholder basis (
) more times than I can count but need help with the specifics of how to fill out the Shareholder Basis Computation section on screen 9 (image attached).
In my example I have a single owner who has the following: $16,564 of business income and a loan from the shareholder of $29,617.
How do I fill out the shareholder basis schedule with this example?
Thank you for your help!
