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  • Re: I left an S-Corp for which I had been receiving a K-1. I will not be receiving a K-1 for 2019, but I am still owed distributions that were reported. Can I claim a loss?
Anonymous_
Anonymous_
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After you file

You have to compute your basis which, hopefully, you have been keeping track of outside of TurboTax.

 

See https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-stock-and-debt-basis

‎January 31, 2020 9:31 AM
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