Skip to main content
Level 3
May 6, 2020
Solved

Basis Limitation

  • May 6, 2020
  • 1 reply
  • 16 views

I am a proseries user and have considered switching to Lacerte. I have several clients with S corps with insufficient basis to take distributions without out capital gains tax implications. Proseries has no built in tracking method for basis unless I use that at risk loss limitation as a crutch.  Does Lacerte have a basis tracking/basis limitation worksheet for 1040's? 

This topic has been closed for replies.
Best answer by sjrcpa

Yes it does.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
May 6, 2020

Yes it does.

The more I know the more I don’t know.