eric1032
Level 3
06-01-2021
03:52 AM
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I have a s-corp with no stock basis but has 10,000 (for example) loan basis. S-corp has 10k loss for the year.
I entered all the info, on the basis limitation federal statement, I see the 10k loss is fully allowed as loss allowed by basis limitation. However, the number do not carry to schedule E page 2 as non-passive loss allowed. What other inputs am I missing here?
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