Instructions For Schedule K-1 (Form 1120s) - Shareholder'S Share Of Income, Deductions, Credits, Etc. - 2017 Page 4
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20Worksheet for Figuring a Shareholder’s Stock and Debt Basis
Part I—Shareholder Stock Basis
1. Stock basis at the beginning of the corporation’s tax year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
2. Basis from any capital contributions made or additional stock acquired during the tax year
. . . . . . . . . . . . . . . .
2.
3a. Ordinary business income (losses go on Part III)
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3a.
b. Net rental real estate income (losses go on Part III)
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b.
c. Other net rental income (losses go on Part III)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c.
d. Interest income
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3d.
e. Ordinary dividends
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3e.
f.
Royalties
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3f.
g. Net capital gains (losses go on Part III)
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3g.
h. Net section 1231 gain (losses go on Part III)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3h.
i.
Other income (losses go on Part III)
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3i.
j.
Excess depletion adjustment
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3j.
k. Tax-exempt income
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3k.
l.
Recapture of business credits
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3l.
m. Other items that increase stock basis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3m.
4. Add lines 3a through 3m
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. Stock basis before distributions. Add lines 1, 2, and 4
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5.
6. Distributions (excluding dividend distributions)
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6.
Note. If line 6 is larger than line 5, subtract line 5 from line 6 and report the result as a capital gain on Form 8949 and
Schedule D. See instructions.
7. Stock basis after distributions. Subtract line 6 from line 5. If the result is zero or less, enter -0-, skip lines 8 through 14,
and enter -0- on line 15
7.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8a. Nondeductible expenses
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8a.
b. Depletion for oil and gas
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8b.
9. Add lines 8a and 8b
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9.
10. Stock basis before loss and deduction items. Subtract line 9 from line 7. If the result is zero or less, enter -0-, skip lines
11 through 14, and enter -0- on line 15
10.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Allowable loss and deduction items. Enter the amount from Part III, line 13, column (c)
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11.
12. Debt basis restoration (see net increase in instructions for Part II, line 8)
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12.
13. Other items that decrease stock basis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13.
14. Add lines 11, 12, and 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14.
15. Stock basis at the end of the corporation’s tax year. Subtract line 14 from line 10. If the result is zero or
less, enter -0-
15.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Instructions for Schedule K-1 (Form 1120S) (2017)
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