mvp2885
Level 5
09-09-2020
11:35 AM
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Is there any worksheet or anywhere on ProSeries where I can track the stock basis of an S-Corp shareholder? I saw some articles, but they seem to relate to Lacerte Tax. Any information will be appreciated, thank you.
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Level 15
09-09-2020
11:38 AM
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ProSeries doesnt have a basis worksheet included. I have links to these that you can use on their own,
https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/S_Corporation_Shareholders_Adjust...
https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/Partners_Adjusted_Basis_Worksheet...
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/S_Corporation_Shareholders_Adjust...
https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/Partners_Adjusted_Basis_Worksheet...
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
09-09-2020
12:20 PM
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Any chance you are also doing the corporate return? I think the corporate program keeps track of it.