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I have my K1 and 1120s, how do I use it to fill out form 7203? Thank you in advance.

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I have my K1 and 1120s, how do I use it to fill out form 7203? Thank you in advance.

Form 7203 is used to report your value in the stocks you own which is your basis.

See S Corporation Stock and Debt Basis for more details on how to track your basis for the form.

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