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Level 3
March 9, 2021
Question

Releasing Suspended Losses in Final S-Corp Tax Return

  • March 9, 2021
  • 1 reply
  • 10 views

How do I release the suspended losses to the SH K-1 from a S-Corp in its final return?  Is this manual?  I checked the Final Return box on the 1120S and I would think that the suspended losses would carry automatically to the SH K-1.  

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1 reply

sjrcpa
Level 15
March 9, 2021

What kind of suspended loss would an S Corp have?

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