TaxGuyBill
Level 15

Technically, the corporation does not need to keep track of the Basis of the shareholders.  That is the job of the shareholders.

Assuming you want to do the shareholders a service, sure.  Any way you want to show how the Basis is calculated.  Using the worksheet in the corporate program works fine.

If I remember correctly, Basis statements only need to be filed with the 1040 if they are claiming a loss.  If there is a loss, yes, I would attach it by PDF.

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