K-1s & basis › F8949.F.SCORP
F8949.F.SCORP · federal · F8949 line F.SCORP
Lindqvist Family Woodworks, Inc. - distributions in excess of stock basis (acquired 2018-12-20, sold 2025-12-31; proceeds 21,215.00, basis 0.00)
21,215
engine v3
not yet verified
⚑ SCORP-BASIS · pass
How this number was built
R-8949-LOT One line per sale: proceeds minus basis plus adjustment. Broker basis is used as reported unless a supplemental statement for the same lot is matched.
Inputs (1)
F7203.excess Distributions in excess of basis (capital gain)21,215
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: 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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