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Fran D
Level 2
October 8, 2026
Question

Form 7203 Line 2

In the step-by-step for inputting my business information from my K-1 and am, correctly, directed to filling out Form 7203. However, there is nothing in the step-by-step that asks about capital contributions for line 2 of Form 7203. Am I just supposed to manually change 7203?

    1 reply

    Fran DAuthor
    Level 2
    October 8, 2026

    As a follow-up to this, I am finding that TurboTax does not calculate the allowed loss correctly on Schedule E if I modify Form 7203. Further, which probably makes sense, it is not captured in the Sch K-1 Wks (since there was no place to account for this in the step-by-step). I need to amend my return. Do I have to manually trace and input all of these changes?

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