lboydjdd
Level 2
12-15-2020
03:00 PM
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Need help. Is a loss caused by bonus depreciation allowed to the shareholder even if they have no stock basis? I am viewing the basis schedule in Lacerte and the K-1 and it is showing the losses/deductions in excess of basis as suspended. If I import the k-1 into the shareholder's return, it is allowing the loss. Is this correct?
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