hgtc
Level 5

S Corp purchases stocks back from a shareholder, Where should I enter the amount of purchases (Treasury stocks) in Lacerte?

Thanks.

abctax55
Level 15

I'd go from line 26 "Less cost of treasury stock".

Be sure the state in question allows treasury stock as I believe some don't.

HumanKind... Be Both

View solution in original post

hgtc
Level 5

Thank you.