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Federal input screens

Shareholder Information > Wisconsin tab > Shareholder Basis dialog

Use the
Shareholder Basis
 window to enter Wisconsin 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 Wisconsin shareholder basis worksheets when the federal shareholder basis worksheets are calculated. To suppress the Wisconsin shareholder basis worksheets, enter
X
 in
Suppress calculation of shareholder basis worksheet
 on the
WIGen screen
.
Go to the
Shareholder Information
 window, select the
Wisconsin
 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 Wisconsin shareholder stock basis.
  • Loan
     tab: Enter Wisconsin shareholder loan basis.
  • Suspended Losses
     tab: Enter Wisconsin 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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