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is the shareholder basis statement requited 2020 for S corporation filing form 1120S ?

Yvonne
Level 2

is the shareholder basis statement requited 2020 for S corporation filing form 1120S ?

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dascpa
Level 8

Not for e-filing, but I seem to remember if there is a net loss you are now required to provide one with the K-1.  I'm old so my memory may be wrong.

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dascpa
Level 8

Not for e-filing, but I seem to remember if there is a net loss you are now required to provide one with the K-1.  I'm old so my memory may be wrong.

View solution in original post