Cindy H
Level 1

In 2021 I had a single shareholder of a 1120S pass away and his wife inherited the business.  Thank goodness this doesn't happen very often.  But, I am getting an error that say "Stock and Loan Basis info Worksheet: Beginning Stock Basis must have an amount entered, even if zero"  I have her new k-1 set up and the beginning basis as zero.  What am I missing?

0 Cheers
sjrcpa
Level 15

Use -1 to indicate zero.


The more I know the more I don’t know.