gmb1040
Level 2
03-03-2021
09:22 AM
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Thanks for your response, Phoebe. It does calculate correctly, and automatically, in the S-Corp module, but it is not calculating in the individual module. I had to override the beginning basis and manually input the income used to restore debt basis; however, the pre-printed line description "income used to restore debt basis" in the basis limitations statement is blank, and I do not see anywhere to input it. I am guessing this is not going to be an isolated problem, so I would like to know how to handle this from now on.