Use Screen 8 Distributions, Loan Repayments to enter the share of any distributions, loan repayments to flow to the Schedule K-1.
Please refer to the following information to assist with Screen 8, Distributions, Loan Repayments questions
- 1120S Entering Shareholder Property Distributions Other than Dividends (Including Cash)
- Understanding how Lacerte calculates S-Corporate AAA distributions
- 1120S Shareholder Basis Schedule Line 33 Loan Repayments to Shareholder During Tax Year
- Entering Dividend Distributions from E & P in the S Corporate Module
