S corp shareholder basis calculation

[kristinatb]

Thank you!

[GDVO]

How do we do this in TurboTax 2021? There doesn't seem to be a Shareholders Basis Info worksheet this year. The only forms I see to attach for shareholders are the Shareholder Stock and Debt Basis Limitations Worksheet, and there is no box to check to produce basis statements.

[mini 11]

You need to fill out form 7203. This is new form required by IRS. It's a pretty easy form if you have the shareholder basis from 1120S.

[ojedainspections]

Did you go to the forms section and search for the form?