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October 12, 2023
Question

Been using turbotax business for years does turbotax keep running calc of shareholder basis?

  • October 12, 2023
  • 1 reply
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I have been using turbotax business for years for s corp does turbotax keep a running calculation of shareholder basis within the program? If so where is best to find? If not is there a good spreadsheet somewhere one can use to keep this going.

1 reply

Employee
October 12, 2023

You can use recent Form 7203 now (which is also included in TurboTax Business).

 

https://www.irs.gov/pub/irs-access/f7203_accessible.pdf