Rev. December 2023
These instructions explain how to complete Form 8586 (Annual Adjusted Basis for Individual Shares of S Corporation Income) when you are an S corporation shareholder who received income that is treated as a capital gain or ordinary income. The form must be filed with your individual tax return. It is used to calculate the adjusted basis of your S corporation stock and determine your tax liability.
Form 8586 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
The easiest way to fill Form 8586 online
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