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abcweeks
New Member

As a partial owner in an S corporation, I am now required to attach a basis computation (per schedule E part 2) to my return. How do I attach this in turbo tax ?

 
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As a partial owner in an S corporation, I am now required to attach a basis computation (per schedule E part 2) to my return. How do I attach this in turbo tax ?

Unfortunately, TurboTax does not support that functionality due to IRS e-file systems. 

 

You will have to print and mail your return.

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4 Replies

As a partial owner in an S corporation, I am now required to attach a basis computation (per schedule E part 2) to my return. How do I attach this in turbo tax ?

Unfortunately, TurboTax does not support that functionality due to IRS e-file systems. 

 

You will have to print and mail your return.

KrisD15
Expert Alumni

As a partial owner in an S corporation, I am now required to attach a basis computation (per schedule E part 2) to my return. How do I attach this in turbo tax ?

You will need to print your return, attach a schedule showing your basis, and mail in that document with your tax return. 

Below is a link about this recent requirement;

 

Reporting basis

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As a partial owner in an S corporation, I am now required to attach a basis computation (per schedule E part 2) to my return. How do I attach this in turbo tax ?


@Anonymous_ wrote:

Unfortunately, TurboTax does not support that functionality due to IRS e-file systems. 

 


It is not due to the IRS e-file system.  Professional software (including Intuit products) can have attachments.

As a partial owner in an S corporation, I am now required to attach a basis computation (per schedule E part 2) to my return. How do I attach this in turbo tax ?


@AmeliesUncle wrote:
It is not due to the IRS e-file system.  Professional software (including Intuit products) can have attachments.

It is with respect to TurboTax individual income tax preparation products (but, yes, of course, this on Intuit's end).

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