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Shareholder Information > Wisconsin tab > Shareholder Basis dialog > Stock tab

Use the
Stock
 tab to enter Wisconsin shareholder stock basis. 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
Wisconsin
 tab, select
Shareholder Basis
, then the
Stock
 tab.

Fields and buttons

Enter beginning-of-year stock basis. UltraTax CS proformas this amount from the prior-year end-of-year stock basis. If you don't want an amount to appear, enter
0
 (zero).
Enter capital contributions made during the year. If you leave this blank, UltraTax CS uses the amount from the federal worksheet. If you don't want an amount to appear, enter
0
 (zero).
Enter the description and amount for items that increase a particular shareholder's stock basis. If there are items that increase all of the shareholders' stock basis, go to the
WIKSep screen
, enter the description and amount, then enter
I
 in the
Basis
 column. UltraTax CS increases the stock basis of each shareholder by the amount entered on the
WIKSep screen
, multiplied by the respective shareholder's ownership percentage.
UltraTax CS calculates the S Corporation's gain or loss on the disposal of assets for which a section 179 expense deduction was previously passed through to the S Corporation shareholder. The shareholder's share of the net gain transfers to page 1 of the
WI Shareholder's Basis Worksheet
 when
Transfer gain (loss) on disposal of Section 179 assets
 is marked on the
WIKSep screen
.
To change the amount of net gain on disposal of section 179 assets that is shown on page 1 of the WI Shareholder's Basis Worksheet, enter an amount. If you don't want any gain to show on the on the basis worksheet, enter
0
 (zero).
Enter the description and amount for items that decrease a particular shareholder's stock basis. If there are items that decrease all of the shareholders' stock basis, go to the
WIKSep screen
, enter the description and amount, then enter
D
 in the
Basis
 column. UltraTax CS decreases the stock basis of each shareholder by the amount entered on the
WIKSep screen
, multiplied by the respective shareholder's ownership percentage.
UltraTax CS calculates the S Corporation's gain or loss on the disposal of assets for which a section 179 expense deduction was previously passed through to the S Corporation shareholder. The shareholder's share of the net loss transfers to page 2 of the
WI Shareholder's Basis Worksheet
 when
Transfer gain (loss) on disposal of Section 179 assets
 is marked on the
WIKSep screen
.
If you want to change the amount of net loss on disposal of section 179 assets that is shown on page 2 of the WI Shareholder's Basis Worksheet, enter an amount in this field. If you do not want any loss to show on the on the basis worksheet, enter
0
 (zero) in this field.
UltraTax CS calculates the gain recognized on excess non-dividend distribution. The gain is calculated on Page 1 of the
WI Shareholder Basis Worksheet
, and transfers to the
K-1 statements
, line 17d. To change the amount of gain that is shown in the
K-1 statements
, enter an amount. If you leave this blank, UltraTax CS uses the amount from the federal worksheet. If you don't want any gain to show in the WI
K-1 statements
, enter
0
 (zero).
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