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September 18, 2024
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Please Add Basis Inputs and Worksheets in the Business Modules

Related products:ProConnect
  • September 18, 2024
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There should be basis worksheets in the Business Tax Return modules for passthrough entities that flow to businesses. Basis worksheets exist in the Individual Tax Return module for passthrough entities that flow to the 1040. This same functionality should be available in all of the modules. For example, an S Corp is a partner in a Partnership. There is nowhere in the Proconnect software for the S Corp to track its basis in the Partnership or disallowed losses or other items. This functionality already exists for the 1040. Please make it available for all Business Tax Return modules.