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Shareholder Information > Massachusetts tab > Shareholder Basis dialog

Use the
Shareholder Basis
 window to enter Massachusetts 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
Massachusetts shareholder basis worksheets
 when information is entered in the
Shareholder Basis
 dialog. To suppress the
Massachusetts shareholder basis worksheets
, enter
X
 in
Suppress calculation of shareholder basis worksheet
 on the
MAGen screen
.
Go to the
Shareholder Information
 window, select the
Massachusetts
 tab, then
Shareholder Basis
.

Fields and buttons

Select the shareholder for whom you want to enter basis and suspended loss information.

Tabs

  • Stock
     tab: Enter Massachusetts shareholder stock basis
  • Loan
     tab: Enter Massachusetts shareholder loan basis.
  • Suspended Losses
     tab: Enter Massachusetts shareholder pre-apportioned 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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