I have a S-Corp K-1 which shows a loss of 49,874 - However the basis on 1/1/2018 was 33,800 so there needs to be a loss carryover of 16,654 and I cannot get it to calculate this correctly. It is allowing the total loss of 49,874. Any suggestions on how to do this?
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Your lucky number for today is 6198.
Check the correct box on the K-1 worksheet letting the software know that you have at risk limitations.
Your lucky number for today is 6198.
Check the correct box on the K-1 worksheet letting the software know that you have at risk limitations.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.