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

Use the
Suspended Losses
 tab to enter Wisconsin shareholder suspended 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
Wisconsin
 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
 tab. In that case, UltraTax CS reduces basis by the deductible items before the nondeductible / noncapital expenses.
Enter the suspended loss for this item. 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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