USA S corp shareholder basis

Sep 12, 2019
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United States
I'm one of those people that has neglected to keep track of basis annually and am now in the process of going back to the inception - 2002 - to get the basis up to date. Searching online has been fruitless to find the answer to my dilemma. The question I have:

are my individual rental losses (sch E) & capital losses (sch D) part of the calculation in determining shareholder basis? Or does the worksheet strictly refer to
items listed on “Form 1120s sch K-1” (the losses and the assets of the S corp?) Thanks so much for your help.
Loss and deductions Ques.jpg


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