TP is a pssive shareholder.
The S-Corp has a loss this year. It is carried over in his case.
On the basis worksheet does the basis include the loss? Or does it not include and show it as a carryover?
The basis worksheet is prepared also by the SCorp for the shareholders and they include the loss.
If I key in that the loss on my basis worksheet it shows it as not allowed and the basis is higher than the basis worksheet he receives from the S Corp.
The S-Corp has a loss this year. It is carried over in his case.
On the basis worksheet does the basis include the loss? Or does it not include and show it as a carryover?
The basis worksheet is prepared also by the SCorp for the shareholders and they include the loss.
If I key in that the loss on my basis worksheet it shows it as not allowed and the basis is higher than the basis worksheet he receives from the S Corp.
Comment