Business & farm

As a shareholder in an S corporation, it is your responsibility to maintain your tax basis in this investment.

This begins with your initial capital contribution and is updated annually for the applicable items on your K-1.

If you have been using TT previously, have you looked in your 2019 TT worksheet information to see if there is anything there?

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.