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Business & farm
In MOST cases it needs to be filed with your tax return (most shareholders receive a Distribution, and those who don't receive a Distribution usually don't because the business is running at a loss, which also usually requires the form).
But in the event you are not required to file it, yes, just keep track of your Basis for when you ARE required to file it.
‎January 24, 2022
8:24 PM
8,443 Views