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Level 5
January 15, 2025
Question

S-Corp Basis for 2nd owner not transferring from 2023 ProSeries to 2024 ProSeries

  • January 15, 2025
  • 1 reply
  • 10 views

Has anyone else noticed that the shareholder basis calculations for the 2nd owner for S-Corps with more than one owner did not transfer from the 2023 ProSeries software to the 2024 ProSeries software?

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1 reply

IRonMaN
Level 15
January 15, 2025

You got one to transfer?  The one return I worked on is a two shareholder corp and opening basis is blank on both of them.

Slava Ukraini!
ClintCPAAuthor
Level 5
January 15, 2025

The shareholder listed first in the return did transfer over, but the second one did not.  I only checked two returns thus far.  

IRonMaN
Level 15
January 15, 2025

It's an easy fix on our side, but something we shouldn't have to do for something so basic.

Slava Ukraini!