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

Alerts and notices


How do I share partner basis information to 1040 returns?


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.

  • To share the beginning-of-year basis and suspended losses, mark the Data share beginning of year basis and prior year suspended losses field in Screen Basis.
  • To suppress the sharing of all basis data for all partners, mark the Suppress data share of partner basis information field in Screen Basis.

Related topic: Partner basis FAQs (1065)