Discussion:K-1 Scorp
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Revision as of 11:44, 6 March 2009
Discussion Forum Index --> Advanced Tax Questions --> K-1 Scorp
Discussion Forum Index --> Tax Questions --> K-1 Scorp
Www.cpa1.biz (talk|edits) said: | 6 March 2009 |
| Almanacers,
A client of mine has a K-1 from an S corp. She has no basis from the get go. She is now getting a K-1 with losses. These will be suspended losses. I am not filing her personal return but I will give her the K-1. However, on Proseries, the K-1 shows the loss. Do I need to write some where on the supplementary tab that will be attachd to the K-1 telling this shareholder that this loss cannot be taken and must be suspended. How would her tax preparer even know that she had no basis? | |
