Thank you.
- I should rephrase and say that I contributed capital to the S corporation in excess of the losses. All capital contributed was 100% at-risk. No debt was contributed.
- Doesn't the 1099-DIV amount get reported on the K1 as an item impacting basis?
- Should I be reporting the final basis anywhere on the K1 or 1120S? Does the capital gain/loss get reported on these forms?
