TimO
Level 1
 
0 Cheers
dascpa
Level 12

There are two methods when a S corp shareholder leaves. The weighted average you mention or close-of-books as of that date.  In that case you will need to use special allocations in the K-1 worksheet to force proper info.

TimO
Level 1

Thanks so much for your reply.  I was able to figure it out.

0 Cheers