topic Shareholder's Adjusted Basis Worksheet - Does Turbo Tax have a template? in Business & farm

Shareholder's Adjusted Basis Worksheet - Does Turbo Tax have a template?

tschapira — Thu, 25 Mar 2021 17:04:02 GMT

I'm looking for a Shareholder's Adjusted Basis Worksheet to track my stock basis, ordinary losses, carry over etc. Is there a form/template within TurboTax business?

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Re: Shareholder's Adjusted Basis Worksheet - Does Turbo Tax have a template?

Anonymous_ — Thu, 25 Mar 2021 17:10:52 GMT

@tschapira wrote:

I'm looking for a Shareholder's Adjusted Basis Worksheet to track my stock basis, ordinary losses, carry over etc. Is there a form/template within TurboTax business?

No. Unfortunately, there is no such form or template in the product.

You can always use the template provided by the IRS.

See https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-stock-and-debt-basis

Re: Shareholder's Adjusted Basis Worksheet - Does Turbo Tax have a template?

tschapira — Thu, 25 Mar 2021 17:58:47 GMT

Thanks - FYI, it was just an explanation but no template.

Re: Shareholder's Adjusted Basis Worksheet - Does Turbo Tax have a template?

Anonymous_ — Thu, 25 Mar 2021 18:28:52 GMT

The IRS also has an actual worksheet.

See https://www.irs.gov/instructions/i1120ssk#idm140355078371984