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Crystalynn Shelton 1 year ago.
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Kelli H 1 year agoShareholder Basis
When you are preparing an 1120 S will your shareholder basis at the end of the schedule M2 always equal the total of capital stock, addt paid in capital and retained earnings on the balance sheet?
1 ReplyHi Kelli, unfortunately I don’t have a ton of experience with completing this schedule. To make sure that you get the right answer, I recommend you reach out to a tax expert who can assess your specific situation and provide you with the info that you need.
Thanks so much for reading!
All the Best-
Crystalynn Shelton1 Reply
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