Does anyone know of an App or software that will calculate shareholder Basis? I wan t to go back to the start of my business and I am looking for a calculator that will help me make sure it get everything entered and do the math for me.
Any ideas are appreciated.
Chris R.
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@Crazon I understand. However, the difficult part is actually not the math, it is gathering all of the K-1s and contributions over the years. Regardless, you may be able to find some sort of app online (after an internet search) or perhaps an Excel template.
Have you tried the instructions at the following IRS web site?
https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-stock-and-debt-basis
Thank you for the reply. I have read those instructions, but I am looking for software that will take me step by step through the process asking for the information and doing the math for me. To get an accurate number, I have to go back many years to the start of my business and I don't want to do that on paper if I can avoid it. It would just simplify the process to have an app or something.
CR
@Crazon I understand. However, the difficult part is actually not the math, it is gathering all of the K-1s and contributions over the years. Regardless, you may be able to find some sort of app online (after an internet search) or perhaps an Excel template.
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