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Level 2
March 11, 2021
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is the shareholder basis statement requited 2020 for S corporation filing form 1120S ?

  • March 11, 2021
  • 1 reply
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is the shareholder basis statement requited 2020 for S corporation filing form 1120S ?

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Best answer by dascpa

Not for e-filing, but I seem to remember if there is a net loss you are now required to provide one with the K-1.  I'm old so my memory may be wrong.

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dascpa
dascpaAnswer
Level 11
March 11, 2021

Not for e-filing, but I seem to remember if there is a net loss you are now required to provide one with the K-1.  I'm old so my memory may be wrong.