Scorp amended

[Taxadvisor VA]

Basis adjustment error has necessitated an Amended 1120S.
What would you send in with the return?
* Amended basis adjustment.
* K1 amended.
* With some of the current year loss now being suspended- what if any additional information would you recommend being sent in?

Thanks,

Taxadvisor VA

[veritas]

Basis is tracked

Basis adjustment error has necessitated an Amended 1120S.
What would you send in with the return?
* Amended basis adjustment.
* K1 amended.
* With some of the current year loss now being suspended- what if any additional information would you recommend being sent in?

Thanks,

Taxadvisor VA

At the shareholder level so what would you report on the corporate return?

[JohnH]

I'd send them exactly what they require - amended 1120S with Amended K-1.
Send nothing more and nothing less.