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ibs-cpa
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  • The basis schedule will not be more complete, but it is not as official looking as the Form 7203 and it has the option of including the "disclaimer" statement. ...
    ibs-cpa
    Mar 04, 2023
  • Since tracking shareholder basis is the responsibility of the shareholder and not the entity the shareholder basis schedule is a better tool for the entity to p...
    ibs-cpa
    Mar 04, 2023
  • Per IRS instructions you are able to check more than one box but Lacerte will only allow you to check one box. This needs to be fixed ASAP.
    ibs-cpa
    1
    Feb 13, 2023
  • There should be an informational diagnostic to check at least one box in 2022. This diagnostic should be there for S Corp and for Individual.
    ibs-cpa
    Feb 13, 2023
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