Loss S corporation

[monica110]

Hi

After I entered all my information about my  K1 that this year is a loss 

there is a screen that says Describe the Partnership.  Says to check one of these: 

1. All of my investment in this activity is at risk and
2. I have at-risk losses carrying over from 2021    I checked number 1 and says that I am required to do form 7203 but I don't have any idea how to do it! Please help

[PatriciaV]

Completing Form 7203 is a complex and tedious process. Since you are posting from TurboTax Live Premier, you should contact a Live Expert to help you complete this form: How do I connect with a Tax Expert in TurboTax Live?

You should receive step-by-step guidance from a tax expert, either over the phone or by screensharing.