distribution in excess of basis

Paul Altmann · ‎02-17-2021

Get it on the 1120s K-1 and an import or entry field on 1040

abctax55 · ‎02-17-2021

As what goes on the K-1 itself, THAT is dictated by the IRS. Not sure why you think the software could do that for you. AND, folks can have outside basis, so not all distributions in excess of basis ARE taxable. Determining that is up to the tax professional.

distribution in excess of basis

distribution in excess of basis

distribution in excess of basis

Batch Print K-1's in a 1065 return

Allow user to require ProSeries to open "Permanent Comments" when client return is opened.

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