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Shareholder made a loan to S Corp of 78,000. The S Corp had a loss of 50,000 which the shareholder deducted on 1040, leaving him with a 28,000 basis in the loan...
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Thank you - Pro Series has totally dropped the ball this year.
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I believe you, but why does the form still say - final on 3/4? I ran the update earlier today.When I print the form, there is no "not ready for filing" watermar...
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For 5 weeks, Pro Series has been saying IL 1120 ST V will be ready on 2/25. Then last night, the date changed to 3/4. Since you can't e file if a form isn't fin...
