Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 1120S Shareholder K-1
1120S Shareholder K-1
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
ptrost
Level 2
05-14-2021
03:36 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Taxpayer just received their 1120-S K-1 showing an amount in Part 2, Line H Loans from shareholder. Where does this information come into play on the taxpayer's personal tax return? I'm thinking it should be reported on IRS Form 6198. Any help would be greatly appreciated. Taxpayer has a NOL due to the 1120-S K-1.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
dkh
Level 15
05-14-2021
03:53 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Should be a Shareholder Basis Statement included with K1
