TAXMAN Posted August 26, 2022 Report Share Posted August 26, 2022 Does anyone have a neat worksheet to determine S corp basis? I have several years to go through. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted August 26, 2022 Report Share Posted August 26, 2022 I'm told that AICPA has one, but I'm not a member. https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-stock-and-debt-basis https://irp.cdn-website.com/8c5b6e72/files/uploaded/1041420-Shareholder_Basis_in_SCorp_Worksheet.pdf https://www.pdffiller.com/jsfiller-desk17/?requestHash=f693d750d76e9b0b488bf6b3958c0cbc69cc97b62bb7cab71da1130440f16799&projectId=1086121206&loader=tips&replace_gtm=false#818b984f20c942c18f5ee47e0f564799 Check within your own software for a possible worksheet. CFS Tax Tools has one. You can use some of the Tools for free for a limited number of uses, but the whole package is not very expensive for what you get: https://taxtoolsworkshop.com/ Someone gave me this in 2014, so not sure how it holds up to current law: S Corp Basis.xlsx 1 Quote Link to comment Share on other sites More sharing options...
jklcpa Posted August 26, 2022 Report Share Posted August 26, 2022 You should be able to open a new S corp return in ATX and print the basis worksheets from within your software. If it needs an amount to print, fill in something like $1 opening balance. 3 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.