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Shareholder Information > Wisconsin tab > Shareholder Basis dialog
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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
Shareholder
Select the shareholder for whom you want to enter basis and suspended loss information.
Tabs
- Stocktab: Enter Wisconsin shareholder stock basis.
- Loantab: Enter Wisconsin shareholder loan basis.
- Suspended Lossestab: 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.