1120-US: Allocating losses between stock and loan basis (FAQ)

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Question

How does UltraTax CS allocate losses between stock and loan basis?

Answer

The allocation of prior-year suspended losses and current-year losses is done on Page 2 of the Shareholder's Basis Worksheet. The total of the allowable nondeductible and deductible losses for both stock and loan basis transfers to the applicable lines on the Shareholder's Basis Worksheet, Page 1.

Related topic: 1120-US: Shareholder basis calculations FAQs

Share This