1120-US: Shareholder basis calculations FAQs

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The following includes answers to common questions about shareholder basis calculations.

Why aren't the Shareholder's Basis Worksheets printing?

How does UltraTax CS calculate the gain recognized on excess non-dividend distributions?

How does UltraTax CS calculate the gain recognized on repayment of a shareholder loan?

How does UltraTax/1120 calculate the gain recognized on repayment of a shareholder loan when the shareholder has more than one loan to the S Corporation?

When does the Loan basis restored line calculate on the Shareholder's Basis Worksheet?

How do I elect to have the shareholder basis reduced by deductible items first, and then non-deductible items?

Where do I enter losses that were disallowed by basis limitations from prior years?

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

Will UltraTax/1120 carryover the disallowed portion of nondeductible, noncapitalized expenses when the election under Regulation 1.1367-1(g) is not made?

Why aren't distributions reducing the Shareholder's loan basis?

How do I use the fields in the Loan tab?

How is the principal amount of loan owed to shareholder at the end of the year calculated?

How is the gain or loss on disposal of section 179 assets reflected on the shareholder basis worksheet?

Related topic: 1120 frequently asked questions

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