Practice Management S corporation basis tracking in Intuit® Tax Advisor Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Intuit Accountants Team Modified Jun 12, 2024 1 min read You asked, we listened, and now it’s here! Now with Intuit® Tax Advisor, tracking S corporation stock and debt basis no longer requires simulating future years in your tax compliance product. You can review your stock and debt basis from the imported return. As you add strategies to the plan or new economic activities to the 2024 projection return, you can track their impact using the analysis worksheets. Get alerts within the program when distributions and changes result in negative basis. With all of this in Intuit Tax Advisor, you won’t have to keep revisiting your compliance software or spreadsheets. This S Corporation Basis Tracking in Intuit Tax Advisor video below shows how you will be able to see the basis change: Get started planning now In Intuit ProConnect™ Tax or Lacerte® Tax, navigate to the left-hand side and click to open Intuit Tax Advisor. Then select “Create Tax Plan.” Check out a full library of article on tax advisory and Intuit Tax Advisor on the Intuit Tax Pro Center. Previous Post Software gets top honors in Readers Choice Awards Next Post 4 key factors for choosing new tax software Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Advisory Services 7 Intuit® Tax Advisor updates Advisory Services What’s new in Intuit Tax Advisor Tax Law and News Basics of shareholder basis in an S Corporation Practice Management New product updates for tax year 2022 Tax Law and News S Corporation essentials for tax pros, part 2 Intuit® Accountants News Intuit® Accountants launches Intuit Tax Advisor, integ… Advisory Services New! Intuit Assist for Intuit® Tax Advisor Advisory Services Tax advisory: price, process, and getting started Advisory Services Intuit Tax Advisor wins prestigious award Tax Law and News Basis in the World of Tax: An Introduction