Basis-admitted loss
$12,000
Presented to the activity-level section 465 decision.
Product
Bring the annual basis close into one evidence trail.
Exabasis connects controlled source intake, basis projections, owner and activity decisions, review, and exact release around one client and tax year.
Annual close workflow
A visible path from source to signed-off result
The same evidence moves forward through four controlled stages. Source identity, calculation lineage, and reviewer attribution stay attached throughout.
01
Control the source
Reconcile the source population, cost, and prior-year openings before the package enters the ledger. Each accepted row receives durable identity and source lineage.
02
Project every basis
Produce Book, Federal, and AMT results from the same dated asset history, with the applicable sealed rule pack attached to each tax result.
03
Review the why
Open a result at its stable address to inspect the retained amount, effective source event, cutoff, authority, and shared convention decisions.
04
Approve and release
Move the exact evidence package through preparer submission and independent approval, then seal the approved close as versioned exact-decimal JSON.
Worked product example
NORTHSTAR OPERATING LLC
TAX YEAR 2026
One production line, reconciled across three measurements
The Northstar annual-close journey begins with one fixed-asset source row. Its cost and six opening amounts are accepted together, then carried into three retained year-end projections and an independently reviewed release.
Source row · NORTHSTAR-FA-001
Northstar production line
Source cost
$75,000.00
| Measurement | Opening adjusted basis | Accumulated depreciation |
|---|---|---|
| Book | $60,000.00 | $15,000.00 |
| Federal | $55,000.00 | $20,000.00 |
| AMT | $57,500.00 | $17,500.00 |
Each row foots to the same $75,000.00 source cost before the package commits.
- 1
Controlled intake
Expected and actual population, total cost, and all opening coordinates reconcile before the source package is sealed.
- 2
Three retained projections
Book, Federal, and AMT each retain their complete balance document, balance hash, as-of date, and applicable rule-pack identity.
- 3
Federal why view
The Federal result opens into its exact retained document, effective source input, dated rule pack, half-year convention, and cohort decisions.
- 4
Approval and exact release
An assigned reviewer approves the sealed evidence. The original preparer then releases one immutable JSON package whose financial values remain decimal strings.
Exact limitation trail
2025 RULE SET
ONE SHAREHOLDER
See precisely where an S-corporation loss stops
In this executable vector, the shareholder-basis package admits a $12,000.00 ordinary business loss. The activity package applies the at-risk gate first, then the passive-activity gate, retaining a separate suspended balance at each step.
Section 465 · at risk
$4,500
allowed
$7,500
suspended
The allowed $4,500.00 proceeds to its passive group.
Section 469 · passive
$3,000
allowed
$1,500
suspended
$3,000.00 of passive income admits the matching loss to the next gate.
Allowed plus suspended equals presented at every gate, so the trail carries every dollar forward or into its named suspended ledger.
See the evidence model