Shareholder's Instructions for Schedule K-1 (Form 1120S) - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Shareholders must now reduce their stock basis using their share of the adjusted basis, instead of the fair market value,
of contributed property.
See Basis Rules on page 2.
