99mtamchamp Posted September 23, 2009 Report Share Posted September 23, 2009 I have an S- corp shareholder who has about 40K in basis (stock and debt). He has a 169K loss for '08 on his K-1. I know we can only pick the 40K on his personal return, but does anyone know if there is a way to report this in the ATX software? IRS instructions say to attach a schedule to the return showing basis, but I also have the excess loss to carryforward. Just wondering if ATX will handle this. . .thanks Quote Link to comment Share on other sites More sharing options...
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