JinxyCat86
Level 1
12-06-2019
10:24 PM
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How are you handling the new basis requirement found at the top of Sch E Page Two? As an FYI, I was unable to locate this same verbiage in the 2018 Sch E instructions...is this limited to ProSeries?
“If you report a loss, receive a distribution, dispose of stock, or receive a loan repayment from an S-Corp, you must check the box in column (e) on line 28 and attach the required basis computation. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (f) on line 28 and attach form 6198.”
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