Support Center

<- Back to Main Page

Calculating partner/shareholder basis for Form 1065 and 1120 S K1s

---

Go to the K-1 Attachment (K-1 ATT 3- this form is in both packages), page 3, under line 23h of the form. There is a worksheet here to calculate the basis. You will need to answer the question, "Compute partner's interest?" (1065) or "Compute shareholder's basis?" (1120 S) and complete any lines on the worksheet that are not calculated. The worksheet will then compute the basis.

Tags: federal,form