TaxGuyBill
Level 15

@CHASSOCIATES wrote:

on the shareholder’s basis worksheet Page 2 there is a Total allowed loss of $90,365.


A Basis worksheet does not dictate claiming a loss.

You need to find out where that $90,365 came from and what it means.  It *MIGHT* mean there was a prior loss that was not allowed on the 1040 due to Basis limitations.  But that is ONLY a guess. 

Once you find out the details about what the $90,365 means, we may be able to help you figure out how to enter it (if it is entered at all).