i have desktop deluxe so I can use forms mode. i entered simple numbers for the 2 k-1s for a dummy entity I called PPP. I had an income entry on line 1 of the first K-1. On the other K-1 I entered a loss on line 2. In the first k-1 I opened the 7203 and entered the income from line1 on line 3a and the loss as a positive number on line 36. a second 7203 was generated for the second K-1 which showed exactly the same combined results of both k-1s. I deleted the second one. upon final review there was only 1 7203 with no errors. Print preview shows only one 7203. unfortunately, this is a dummy return so I don't know if the IRS wants one or two 7203s - one way may cause a rejection the other way won't or maybe either way is acceptable.
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I also reentered the 7203 a second time so there was one for each k-1 both identical in that each reported the k-1s in totality. final review no errors. I got all the way thru to the transmit the returns which of course I didn't do.
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in my Turbotax version the 7203 is not generated automatically from the k-1 entries. everything is entered manually.
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if you are getting errors, I would suggest you contact support
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i switched around my k--1's so they were like yours loss on line 1 and income on line 2
i then went and since i left in both 7203s i had to change them
line 2 income is now reported on 3b not 3a
line 1 loss is now on line 35 not 36 again as a positive number
no errors.
