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Calculating basis for 1065-Partnership/1120S-S Corporation Sch K-1 in SureFire

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To calculate shareholder/partner basis

 

In SureFire, go to the K-1 Attachment (K-1 ATT 3, available in both packages).

On page 3, under line20e (1065) or under line 17d (1120S)of the form, you will see a worksheet used to calculate the basis.

Answer the Compute partner's interest? (1065) or Compute shareholder's basis? (1120S) question, and then complete any lines on the worksheet that are not calculated.

 

The worksheet will now compute the basis.

 

 

 

 

Additional Information

 

Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Calculando el basis para 1065-Partnership/1120S-S Corporation Sch K-1 en SureFire

Tags: federal,form