Knowledge Base

13351: Business Activities Statement

Fed Returns Generally

I need a Business Activities Statement. Does the software provide one?

Business Activities statement (BAS) will be generated in the SBS and PTR packages in View/Print mode as Wks BAS

Use screen BAS, located on the General tab, to create the statement allocations for each activity.

The worksheet for each partner or shareholder’s K1 is marked as Wks K-1 BAS. The amounts and totals do not flow anywhere. These statements are used in the individual 1040 return when transferring amounts from each activity.

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