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Shareholder Basis

This topic contains 1 reply, has 2 voices, and was last updated by Crystalynn Shelton 2 months, 2 weeks ago.

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February 6, 2018 at 12:24 am #157829 Reply

Kelli H

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?

February 6, 2018 at 12:26 am #158573 Reply

Crystalynn Shelton
Moderator

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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