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On 1120S K-1 -> Basis Limitation (7203) -> "Stock basis at beginning of year", how is "-1" different from entering a "0"? Why does "0" not generate the 7203 form?

taxmo
Level 4
 
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IRonMaN
Level 15

Because zero doesn't exist in the Lacerte family.  Minus 1 equals zero in their vocabulary.


Slava Ukraini!

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IRonMaN
Level 15

Because zero doesn't exist in the Lacerte family.  Minus 1 equals zero in their vocabulary.


Slava Ukraini!