Elect to have the shareholder basis reduced by deductible items and then non-deductible items

Under IRC Regulation 1.1367-1(g), the shareholder may elect to reduce basis by items of loss or deduction before reducing basis by nondeductible, noncapital expenses and certain oil and gas depletion deductions.
Do the following to make this election:
  1. Select
    View
    then
    Shareholder Information
    .
  2. Select the
    Other Info
    tab then the
    Shareholder Basis
    window.
  3. Go to the
    Suspended Losses
    tab and enter
    X
    in the
    Regulation 1.1367-1(G) election
    field.
    The election statement will automatically print in the respective shareholder package.
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