I am almost done with my s corp 1120s return using Turbotax Business. I am trying to distribute cash and some assets. Under 2022 distributions to shareholders I entered "yes, the corporation made distributions to shareholders in 2022". Then under Amount Paid By Company I entered the cash portion of $2,471 and the property portion of $650 (A few instruments and tools). A few screens later Turbotax gave me this screen...
"If property other than cash was distributed, attach a statement to provide the following information.
The date the property was acquired.
The date the property was distributed
The property's FMV on date of distribution.
The corporations basis in the property."
Is there a way to enter this information in Turbotax business with my 1120s return? there must be a form or something I can attach? This is my last hurdle in the process!
Thank you!!
