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S corp shareholder basis worksheet excel 2026

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  1. Click ‘Get Form’ to open the S Corporation Shareholder’s Adjusted Basis Worksheet in the editor.
  2. Begin by entering the Name of Shareholder and Tax Year End at the top of the form. This information is crucial for accurate record-keeping.
  3. In the Stock Basis section, start with line 1, inputting your stock basis from the end of the prior year. Follow this by detailing any capital contributed during the year on line 2.
  4. Continue filling out lines 3 and 4, where you will enter adjusted basis of property contributed and any gain recognized on that contribution.
  5. For Stock Basis Increases, complete lines 6 through 11 by entering ordinary income from Schedule K-1, other items of income, and calculating total increases.
  6. Finally, move to Basis Decreases, filling out lines 13 through 20 to account for distributions and losses. Ensure all calculations are accurate to reflect your current stock basis.

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