K-1s & basis › F7203.1
F7203.1 · federal · F7203 line 1
Stock basis at beginning of year
2,300
engine v3
not yet verified
⚑ SCORP-BASIS · pass
How this number was built
R-SCORP-BASIS-ROLLFORWARD Beginning stock basis rolled forward from the last known year; unknown years assumed to have no net change.
Sources (4) — where the inputs came from
Prior-year record /basis_records/scorp_lindqvist_family_woodworks/0
{"year": 2022, "ending_stock_basis": 21300, "source": "client worksheet in prior preparer file"}
Prior-year record /return_2024/K1_1120S
{"box1": 16900, "box16D": 30000}
2023 Schedule K-1 (Form 1120-S) - Lindqvist Family Woodworks, Inc.
D40 · page 1 · field box1 · “Box 1 ordinary business income”
read as “14,100.00” → 14,100
99%
2023 Schedule K-1 (Form 1120-S) - Lindqvist Family Woodworks, Inc.
D40 · page 1 · field box16d · “Box 16D distributions”
read as “20,000.00” → 20,000
99%
Flows into
Independent checks
Woodworks stock basis rolled forward independentlyAgrees
Beginning 2025 basis 2,300; distributions exceed basis by 21,215 (long-term gain). Still resting on a 2022 client worksheet nobody has seen - obtain 2019-2022 K-1s or the corporation's basis schedule. Distributions include Oregon composite tax 1,580 paid April 2026.
Method: 2022 ending 21,300 (client worksheet) + 2023 K-1 (D40) 14,100 - 20,000 = 15,400; 2024 +16,900 - 30,000 = 2,300; 2025 + 18,485 - 42,000.
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History — nothing is overwritten
v1 · 2026-03-04: 8,200v2 · 2026-03-19: 8,200v3 · 2026-06-23: 2,300
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Evidence & discussion
↗ Related return: Lindqvist Family Woodworks, Inc. 2025 Form 1120-S (Willamette CPA Group)
Record how you verified it