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Shareholder Information > Massachusetts tab > Shareholder Basis dialog > Suspended Losses tab

Use the
Suspended Losses
 tab to enter Massachusetts shareholder suspended pre-apportionment losses. UltraTax CS combines the current-year and suspended loss amounts and determines the allowable amount based on the available stock and loan basis.
To update a shareholder's state-specific information, go to the
Shareholder Information
 window, select the
Massachusetts
 tab, select
Shareholder Basis
, then the
Suspended Losses
 tab.

Fields and buttons

Enter the nondeductible / noncapital expenses. UltraTax CS reduces basis by the amount you enter before reducing the basis by the deductible items, unless you enter
X
 in
Regulation 1.1367-1(g) election
 on the federal
Shareholder Basis
 window. In that case, UltraTax CS reduces basis by the deductible items before the nondeductible / noncapital expenses.
Enter the suspended loss for this item. For nonresident shareholders, enter the amount of suspended loss before apportionment has been applied. UltraTax CS calculates the amount of allowed loss by multiplying the basis available by a fraction, where the numerator is equal to the total loss amount (current-year plus suspended amount) for each deductible item, and the denominator is the sum of all deductible loss items (current-year plus suspended amount). This calculation is done for stock basis as well as loan basis.
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