BASIS S CORP

[TAXMAN]

Does anyone have a neat worksheet to determine S corp basis? I have several years to go through.

[Lion EA]

I'm told that AICPA has one, but I'm not a member.

https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-stock-and-debt-basis

https://irp.cdn-website.com/8c5b6e72/files/uploaded/1041420-Shareholder_Basis_in_SCorp_Worksheet.pdf

https://www.pdffiller.com/jsfiller-desk17/?requestHash=f693d750d76e9b0b488bf6b3958c0cbc69cc97b62bb7cab71da1130440f16799&projectId=1086121206&loader=tips&replace_gtm=false#818b984f20c942c18f5ee47e0f564799

Check within your own software for a possible worksheet.

CFS Tax Tools has one. You can use some of the Tools for free for a limited number of uses, but the whole package is not very expensive for what you get: https://taxtoolsworkshop.com/

Someone gave me this in 2014, so not sure how it holds up to current law:

S Corp Basis.xlsx

[jklcpa]

You should be able to open a new S corp return in ATX and print the basis worksheets from within your software.  If it needs an amount to print, fill in something like $1 opening balance.