K-1s & basis › F7203.excess
F7203.excess · federal · F7203 line excess
Distributions in excess of basis (capital gain)
21,215
engine v3
not yet verified
⚑ SCORP-BASIS · pass
How this number was built
R-SCORP-BASIS Form 7203 stock basis computation.
Inputs (2)
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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: 15,315v2 · 2026-03-19: 15,315v3 · 2026-06-23: 21,215
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Evidence & discussion
↗ Related return: Lindqvist Family Woodworks, Inc. 2025 Form 1120-S (Willamette CPA Group)
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