TaxGuyBill
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		03-08-2023
	
		
		01:29 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On the 1040. Basis limits are on the 1040, not on the 1120-S.
The prior year unallowed loss should still have been showing on that K-1, but it would have been disallowed on the 1040 due to Basis.