I have a non-dividend distribution from our S-corp. I need to enter it on form 7203, but I have no idea what our stock basis is?
We do have inherited shares, so I have a number of shares and a percentage of shares that we own, but not a value for those shares to enter.
We have a loss this year for income, along with some rental income and the non-dividend distribution. I have entered those numbers but I'm not sure where to put our shares on the form since there is just a number of shares, not a dollar amount that they are worth. Have I entered everything that I need to?
