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Business & farm
Absolutely agree with this. Obviously you can't create an interview that addresses every single scenario when it comes to corporate taxes (even for small companies), but Shareholder Basis is something all S Corps should be tracking... so why not add one question re Capital Contributions. That one simple addition, and having TurboTax automatically calculate Basis and plug it into the K-1 would be a tremendously useful feature.
‎February 18, 2022
6:33 PM
3,683 Views