1065-US: Sharing partner basis information to 1040 and 1120 returns (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:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

How do I share partner basis information to 1040 returns?

Answer

By default, data from the Partner Basis Worksheet will be shared with 1040 and 1120 returns, except the beginning-of-year basis and prior-year suspended losses. UltraTax CS assumes you are already tracking this information in the client's 1040 and 1120 returns.

Related topic: Partner basis FAQs (1065)

Share This