USA Basis- S corp

May 25, 2021
Reaction score
United States
First and foremost, would anyone be so kind as to walk me through the steps necessary to create an accumulated adjustments account on QBO desktop version?

Also- from a technical perspective I would like to make sure my accounting logic is sound. For an S-Corp, we will cost all state and federal income taxes to this accumulated adjustments account as these are non-deductible expenses that we do not want to effect the shareholders basis, correct?


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

s-corp basis 4
S-Corp Basis 1
USA Basis- S Corp 0
Basis in a S Corp 3
USA S corp shareholder basis 0
USA Selling S corp & tax basis 1
USA S corp shareholder basis calculation 1
S-corp basis from debt 3