S-corp Basis & ATX

[Laurie P]

Hi all,

I need some help please on S-corp Basis and entering in ATX. I have spent an hour trying to get ATX basis worksheet to tie to my basis worksheet (in excel). I can send over to anyone that has the time and maybe they can quickly help me understand what in the world I am missing. I am really fustrated with this. I know it should be simple. I do not mind calling if that is quicker.

It would really be appreciated.

Thanks guys,

Laurie

[Tax Bird]

Hi all,

I need some help please on S-corp Basis and entering in ATX. I have spent an hour trying to get ATX basis worksheet to tie to my basis worksheet (in excel). I can send over to anyone that has the time and maybe they can quickly help me understand what in the world I am missing. I am really fustrated with this. I know it should be simple. I do not mind calling if that is quicker.

It would really be appreciated.

Thanks guys,

Laurie

With which part are you having problems?

[Laurie P]

With which part are you having problems?

Where to enter the info to tie to what my excel worksheet indicates in the loan and stock basis.

[kcjenkins]

The question is just so vague that I would not know where to start, Laurie, to answer you. Could you give us some details? We'd like to help, but your question is almost like someone asking "My car won't start, what should I do?" It's just too unclear for us.

[Laurie P]

The question is just so vague that I would not know where to start, Laurie, to answer you. Could you give us some details? We'd like to help, but your question is almost like someone asking "My car won't start, what should I do?" It's just too unclear for us.

Hi KC,

Thanks so much for your willingness to help. I have an S-corp in which I am trying to understand where to go to enter info for the "Basis" worksheet in ATX. What I am hoping is if someone was willing for me to email them the few sheets to look at and I could possibly talk with them to just walk me through this so I have it straight. I can try to throw numbers out here but just thought it would be much quicker to email someone. If you are willing to help me and just want me to post here I will gather the info and try to explain what I am having issues with. Please, let me know what will work for you as I really need the help.

Thanks,

Laurie

[Lion EA]

Are you talking about the K-1 detail page where you have each shareholder's beginning year basis? Or, the K-1 global information where you might be recording percentages of ownership? Or...