I'm not sure I understand what you need to "handle" from this form. The Form 7203 is meant to calculate your basis(value) in the investment. When you enter your information from your K-1 and your loss carryovers, you can review this form to ensure it is pulling all the correct amounts you entered and that you agree with your basis calculation.
The form will carry the allowable losses up to Part I to calculate the basis amount at the end of the year and any basis loss limitations you will have to carry over to 2023. Both the Ordinary and Other Net Rental allowed stock losses will populate line 11. The income amounts should be showing on lines 3a and 3c and the ending basis is on line 15.
@LXXVII
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