1stenger
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ok, I have not purchased any stock since given the shares in the partnership 15+ years ago. I did not purchase any since then, so is my stock block 1 or zero?
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So then the stock basis at the beginning of the year is 1 or zero. Zero since I did not acquire more stock?
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What if you have the same number of stocks as when the S-Corp started, 10 years ago, and have NOT purchased any stock since then?
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What if you have had your stock over 10 years and you did NOT purchase any new stock?
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Why won't turbo tax allow me to file this loss with a IRA I2 block checked? Is there a way to override?
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- Got Cheered for Re: Please explain "Stock Block" on Form 7203.. April 15, 2022 7:56 PM
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- Posted Re: Please explain "Stock Block" on Form 7203. on Get your taxes done using TurboTax. March 31, 2022 7:51 AM
- Cheered Re: Please explain "Stock Block" on Form 7203. for AliciaP1. March 30, 2022 3:33 PM
- Posted Re: Please explain "Stock Block" on Form 7203. on Get your taxes done using TurboTax. March 30, 2022 3:31 PM
- Posted Re: Please explain "Stock Block" on Form 7203. on Get your taxes done using TurboTax. March 30, 2022 9:58 AM
- Posted Re: Please explain "Stock Block" on Form 7203. on Get your taxes done using TurboTax. March 30, 2022 9:50 AM
- Posted Why won't turbo tax allow me to file this loss with a IRA... on Business & farm. June 1, 2019 11:44 AM
- Posted Why won't turbo tax allow me to file this loss with a IRA... on Business & farm. June 1, 2019 11:44 AM