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S-corporation shareholder stock basis at beginning of year

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    #1

    S-corporation shareholder stock basis at beginning of year

    For a taxpayer with a Schedule K-1 (Form 1120-S), how do I determine the shareholder's stock basis at the beginning of the year when it is not given on the Schedule K-1?
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    #2
    You can't............. Has to come from S-Corp preparer.
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.

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