How does Pro Series report the calc of excess dist's with K-1's issued by S-Corp's? Other software clearly states what must be reported as income on the SH's 1040.

[jeff-brintonfair]

From what I can see Pro Series is seriously behind in its ability to track basis for S-Corp's, Partnerships, etc.  It's almost a joke.

[Just-Lisa-Now-]

we've been asking for it for a looong time...still waiting.

[taxiowa]

Thank god for puce file folders.  I have to write note in on inside cover showing basis and at risk calculations for all p'ships and s-corps.  It is cumbersome but you can keep track yourself.