Practice Management S corporation basis tracking in Intuit® Tax Advisor Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Intuit Accountants Team Modified Jun 12, 2024 1 min read You asked, we listened, and now it’s here! Now with Intuit® Tax Advisor, tracking S corporation stock and debt basis no longer requires simulating future years in your tax compliance product. You can review your stock and debt basis from the imported return. As you add strategies to the plan or new economic activities to the 2024 projection return, you can track their impact using the analysis worksheets. Get alerts within the program when distributions and changes result in negative basis. With all of this in Intuit Tax Advisor, you won’t have to keep revisiting your compliance software or spreadsheets. This S Corporation Basis Tracking in Intuit Tax Advisor video below shows how you will be able to see the basis change: Get started planning now In Intuit ProConnect™ Tax or Lacerte® Tax, navigate to the left-hand side and click to open Intuit Tax Advisor. Then select “Create Tax Plan.” Check out a full library of article on tax advisory and Intuit Tax Advisor on the Intuit Tax Pro Center. Previous Post Software gets top honors in Readers Choice Awards Next Post 4 key factors for choosing new tax software Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Practice Management Intuit® Tax Council Profile: Shahab Maslehati Workflow tools Why we talk so much about QuickBooks® Online Advisory Services How tax pros work with controllers vs CFOs Advisory Services Helping clients with healthcare planning Practice Management Reshaping accounting: Millennials and Gen Zs Tax Law and News Tax relief for victims of Hurricane Helene Workflow tools 3 guides to moving your clients to QuickBooks® Online Practice Management Intuit introduces Intuit® Enterprise Suite Practice Management Partnering to power prosperity: Intuit and the accounti… Advisory Services 7 Intuit® Tax Advisor updates