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Level 1
posted Oct 12, 2020 7:26:38 AM

Can I attach a supplementary schedule to a return I plan on E filing?

I am trying to attach a stock basis calculation for a S-Corporation shareholder with respect to unallowed business loss from Sub S corp for 2019

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4 Replies
Level 15
Oct 12, 2020 7:52:36 AM

That  is not part of the tax return ... supply that information directly to the shareholder with the  K-1. 

Level 15
Oct 12, 2020 8:11:19 AM

You will not be able to e-file; you will have to print and mail your return.

Not applicable
Oct 12, 2020 1:03:34 PM

you can use form 6198 at risk. if the S-corp losses and deductions exceed basis. then no supplement should be needed. 

Level 1
Oct 12, 2020 1:48:57 PM

Thanks for the info!

Dennis