Please help me figure out how to fill out Form 7203. We have had this Sub-S for 20+ years, have never bought or sold stocks, have always had property distributions, and never had a loss. I don't understand the idea of 'loaning' money to our own business, but I don't think we have done whatever that means. I have read the instructions for this form, read the previous questions and answers, and watched how to videos. But, I'm desperate for some step by step guidance.
In order to do what you are asking, someone who have to look the last 20+ years of your K-1s.
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