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Basis Limitation

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Level 2

I am a proseries user and have considered switching to Lacerte. I have several clients with S corps with insufficient basis to take distributions without out capital gains tax implications. Proseries has no built in tracking method for basis unless I use that at risk loss limitation as a crutch.  Does Lacerte have a basis tracking/basis limitation worksheet for 1040's? 

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Level 15

Yes it does.


ex-AllStar

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Level 15

Yes it does.


ex-AllStar

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