New
Basis Schedule
So 2021 had the Basis Schedule computation on the S Corporations. Due to Form 7203 the IRS released Lacerte for 2022 no longer has this schedule. This Basis Schedule was very easy to read and follow. I would recommend having it still included even though there is Form 7203.
Also, on the Individual software for the Basis Limitation Worksheet it has the calculations showing for the AMT basis limitation for the shareholder but does not show the calculation for the basis limitation for the regular income. I would recommend that both show the calculation in order to easily verify that the Basis is correct.
