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Level 1
May 4, 2022
Question

Does anyone know why the 1120S Basis Info Worksheet has been removed from Pro Series during 2022. It was there earlier this year and I found it a very helful tool to track stockholder basis from year to year.

  • May 4, 2022
  • 3 replies
  • 18 views
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3 replies

JRC
Level 7
May 4, 2022

I have found it for this year. They changed the worksheet so the amounts need to be reviewed.

dkh
Level 15
May 5, 2022

There is a check box on the S corporation Information Worksheet to activate the basis worksheet

Level 6
May 5, 2022

Just a word of warning. A shareholder who had disallowed losses prior to 2021. Be careful. Those losses do not carry over to the 2021 basis worksheet.