Shareholder contributions are entered under Business Info >> Shareholder Information >> Shareholder Stock and Debt Basis Limitations for each shareholder on the Basis Limitations Worksheet. This sub-form appears when you edit the shareholder. Enter the contribution amount under Part I Line 2.
You can also access these worksheets using Forms Mode. Look for "Sh Basis Wks" under each Schedule K-1.
Note that you can skip the Balance Sheet section if:
- Total business income (before deductions) is under $250,000; and
- Your business is not filing an Alabama, Connecticut (non-partnership), District of Columbia, Georgia, Kentucky, Louisiana, Massachusetts, Mississippi, New Jersey (non-partnership), New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, or Tennessee return; and
- Corporation year-end assets are under $250,000 or partnership/LLC year-end assets are under $1,000,000.
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