Form 1120S provides an S shareholder's computation of his or her stock basis.

Name: Form 1120S provides an S shareholder's computation of his or her stock basis.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Form 1120S is used by S corporations to report income, deductions, and other financial information, but it does not compute an individual shareholder's stock basis. Shareholders use Schedule K-1 and other records to determine their stock basis.

Form 1120S Provides an S Shareholder's Computation of His or Her