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Level 2
December 7, 2019
Solved

S Corp with a loss; how do you show suspended losses? on K-1 and return?

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itonewbie
itonewbieAnswer
Level 15
December 7, 2019

You mean the shareholder?  That would depend on the kind of loss it is but PTO should handle that quite seamlessly if you made the input correctly.

What problem are you having specifically?

---------------------------------------------------------------------------------Still an AllStar

6 replies

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

You mean the shareholder?  That would depend on the kind of loss it is but PTO should handle that quite seamlessly if you made the input correctly.

What problem are you having specifically?

---------------------------------------------------------------------------------Still an AllStar
PhoebeRoberts
Intuit Community Champion
December 7, 2019
And if you're working on the 1120S, nothing gets suspended at that level.