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Should there be a place on the 1120 where I can adjust specific shareholders basis for this contribution to the business, and subsequent distributions (dividend...
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It may very well be a return of capital. I guess to simplify my question, I am trying to find the proper form on the 1120 to calculate stock basis. In order to ...
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That makes sense, so what would be the best way to report this "dividend" and "contribution"? The net of the two should be included in capital stock line of the...
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The corp only has that one shareholder. So is this "distribution" actually considered a dividend?
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Hello,This is my first time preparing a balance sheet on Proseries for an 1120 corporation and I could use some help with how to allocate owner distributions an...
