08-12-2003, 01:03 PM
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 Re: Reporting Sub S loss "Karl Irvin" <88karl3200[at]comcast.net> wrote: - quote - > An S corp has a loss in excess of the sole stockholders
Prorate both items.> basis. > Stockholders available basis 14,000 > Ordinary loss (line 1 of K-1) 22,000 > Capital loss (line 5 of K-1) 13,000 > How do you report this on the stockholders 1040? > Prorate, ordinary loss first or? -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
08-11-2003, 10:00 AM
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| Reporting Sub S loss An S corp has a loss in excess of the sole stockholders basis. Stockholders available basis 14,000 Ordinary loss (line 1 of K-1) 22,000 Capital loss (line 5 of K-1) 13,000 How do you report this on the stockholders 1040? Prorate, ordinary loss first or? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| loss, reporting |
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