Simple K-1 from Sub-S has only on entry of (830) on line 1. Form 7203 auto-populated with that. Turbotax Smart Check says "Form 7203: Line 3a cannot have a gain in Part I and a loss in Part III." Part I does not have a gain, it has a loss in basis of $830 on line 15, from $9,618 to $8,788 (also populated from K-1 automatically.) Lines 35 and 47 both show $830 as positive numbers in columns (a) and (c) - also auto-populated from K-1.
I own the Sub-S wholly and filed the 1120-S with this K-1 several weeks ago. Can you help? Thank you.
