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Federal input screens

Shareholder Information > California tab > Shareholder Basis dialog

Use the
Shareholder Basis
 screen to enter California shareholder basis and suspended loss information for each shareholder if you want UltraTax CS to calculate the shareholder's stock and loan basis. UltraTax CS combines the current-year losses and suspended losses and determines the allowable amount based on the available stock and loan basis.
UltraTax CS calculates the California shareholder basis worksheets when the federal shareholder basis worksheets are calculated. To suppress the California shareholder basis worksheets, enter
X
 in
Suppress calculation of shareholder basis worksheet
 on the
CAGen screen
.
On the
Shareholder Information
 window, select the
California
 tab, then
Shareholder Basis
.

Fields and buttons

From the Shareholder dropdown list, select the shareholder for whom you want to enter basis and suspended loss information.

Tabs

  • On the
    Stock
     tab, enter California shareholder stock basis.
  • On the
    Loan
     tab, enter California shareholder loan basis.
  • Suspended Losses
     tab, enter California shareholder losses and deductible items that were limited by insufficient stock and loan basis in prior years. UltraTax CS combines the current-year loss and suspended loss amounts and determines the allowable amount based on the available stock and loan basis.
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