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- Federal basis limitation worksheet goes away when you input a distribution for an S-Corp in Lacerte for form 1040
Federal basis limitation worksheet goes away when you input a distribution for an S-Corp in Lacerte for form 1040
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TO1
Level 2
08-26-2021
09:15 AM
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Maybe I am misunderstanding the application of the federal basis limitation worksheet but why would it go away once I input a distribution for an S-Corp on an individual return form 1040? I am using Lacerte. By go away, I mean the worksheet completely disappears.
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