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CHARU2017TAX
Returning Member

Does TurboTax Business track an S - corp owner's equity basis correctly or not?

What's the final verdict?  I've read conflicting answers.

  So far, I've understood that we should use the Forms view to input capital contribution, since the step-by-step doesn't prompt for that information.

Apart from omitting the capital contribution, does TT do the rest of basis tracking correctly?

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Does TurboTax Business track an S - corp owner's equity basis correctly or not?


Does TurboTax Business track an S - corp owner's equity basis correctly or not?


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