UltraTax CS

Partner basis FAQs

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The following includes answers to common questions about partner basis.

Where do I enter partner basis information?

Why do the Schedules K-1 state that there is a distribution in excess of partner basis?

How does UltraTax CS calculate the increase (decrease) in the partner's share of liabilities?

How do I share partner basis information to 1040 returns?

What liabilities are used to calculate the partner's increase (decrease) in share of partnership liabilities?

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