Enter a loan repayment for a shareholder

Do the following to enter a loan repayment for a shareholder.
  1. Select
    View
    ,
    Shareholder Information
    , the
    Other Info
    tab,
    Shareholder Basis
    , then the
    Loan
    tab.
  2. Enter the loan repayment amount in the
    Loan repayments
    field.
UltraTax CS uses the amount entered in this field for the items affecting shareholder basis section of Schedules K and K-1 and the Loan Basis section of the Shareholder's Basis Worksheet, Page 1. UltraTax CS also uses the amounts entered in this field when calculating any gain recognized on repayment of shareholder loans.

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