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?
Hi 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-
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.