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therealmob
Level 2
Dec 22, 2025 10:17 PM UTC
Question

Step down basis

Has anyone found a work around in PS to accomodate negative basis on an acquisition?

4 replies

sjrcpa
sjrcpa
Level 15
Dec 22, 2025 10:28 PM UTC

There's no such thing as negative basis. It cannot be less than -0-.

 

The more I know the more I don’t know.
    IRonMaN
    IRonMaN
    Level 15
    Dec 22, 2025 10:35 PM UTC

    That isn't necessarily true -------------------------- in Lacerte, basis can be -1 😜

    Slava Ukraini!
      sjrcpa
      sjrcpa
      Level 15
      Dec 22, 2025 11:53 PM UTC

      Touche.

      The more I know the more I don’t know.
        Just-Lisa-Now-
        Just-Lisa-Now-Intuit Community Champion
        Intuit Community Champion
        Dec 23, 2025 12:06 AM UTC

        Hey Mike (I commented on your post over in the FB group), if you outline the situation, someone may have an idea to help you solve this.

        ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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