FLAcct wrote:On line 2 of this form you are to put "Basis from any capital contributions made or additional stock acquired during the tax year". My question is about the additional stock. Would this only be additional stock acquired from the corporation? What if one shareholder buys stock from another shareholder. Does this amount go here? I don't see how the corporation would know when this happens. Is the shareholder who bought the stock from the other shareholder supposed to keep track of this basis separately? Thanks for your help.
lenraphael wrote:So still no requirement that the S corp provide tax basis information the way partnerships are required to provide tax basis capital account info?
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