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Level 4
December 7, 2019
Solved

You are supposed to send a statement on basis when you have an S Corp distribution. Lacert isnt including it in the government copy. I hit default to reset what prints.

  • December 7, 2019
  • 1 reply
  • 15 views
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Best answer by George4Tacks

You should give a basis worksheet to each shareholder with their K-1. That is not included in the government filing. 

1 reply

George4Tacks
Level 15
December 7, 2019

You should give a basis worksheet to each shareholder with their K-1. That is not included in the government filing. 

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