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
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
- :
- Reporting a Distribution in Excess of Basis by a Partnership Interest Owned by an S Corporation
Reporting a Distribution in Excess of Basis by a Partnership Interest Owned by an S Corporation
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
MP
Level 2
09-14-2023
10:17 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A Sch K-1 was issued by a partnership to an S Corporation. The Sch K-1 from the partnership shows a distribution in excess of basis. As it is not a distribution from the S Corp I understand that it should not be reported on the Shareholder Distributions Smart Worksheet. Where on the 1120S should this excess distribution be reported?
Labels
2 Comments 2
