Drake Tax - Business Activities Statement

How to produce a Business Activities Statement

Business Activities statement (BAS) Wks BAS can be generated in the S corporation and Partnership returns in View/Print mode.

Use screen BAS 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.