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Level 5
November 30, 2022
Solved

S corp purchase stocks from shareholder

  • November 30, 2022
  • 1 reply
  • 9 views

S Corp purchases stocks back from a shareholder, Where should I enter the amount of purchases (Treasury stocks) in Lacerte?

Thanks.

This topic has been closed for replies.
Best answer by abctax55

I'd go from line 26 "Less cost of treasury stock".

Be sure the state in question allows treasury stock as I believe some don't.

1 reply

abctax55
abctax55Answer
Level 15
December 1, 2022

I'd go from line 26 "Less cost of treasury stock".

Be sure the state in question allows treasury stock as I believe some don't.

HumanKind... Be Both
hgtcAuthor
Level 5
December 1, 2022

Thank you.