Shareholder Basis

Accounting

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  Kelli H 1 year, 2 months ago

  Shareholder 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?

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  Crystalynn Shelton
  

  Moderator

  

  1 year, 2 months ago

  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-
  Crystalynn Shelton

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