{"id":54352,"date":"2024-07-03T08:00:00","date_gmt":"2024-07-03T13:00:00","guid":{"rendered":"https:\/\/taxprocenter.proconnect.intuit.com\/?p=54352"},"modified":"2024-06-12T12:22:08","modified_gmt":"2024-06-12T17:22:08","slug":"s-corporation-basis-tracking-in-intuit-tax-advisor","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/s-corporation-basis-tracking-in-intuit-tax-advisor\/","title":{"rendered":"S corporation basis tracking in Intuit\u00ae Tax Advisor"},"content":{"rendered":"\n

You asked, we listened, and now it\u2019s here!<\/p>\n\n\n\n

Now with Intuit\u00ae Tax Advisor<\/a>, tracking S corporation stock and debt basis no longer requires simulating future years in your tax compliance product.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

With all of this in Intuit Tax Advisor, you won\u2019t have to keep revisiting your compliance software or spreadsheets.<\/p>\n\n\n\n

This\u00a0S Corporation Basis Tracking in Intuit Tax Advisor video\u00a0below shows how you will be able to see the basis change:<\/p>\n\n\n\n

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