I actively paricipated in my consulting business and because I over forecasted my business last year by hiriing additional help I didn't actually need resulting in a net loss in 2023. I have enough Stock and Debt basis in my company to take the loss. However, after completing the online 7203 form in TT, the total on Line 47 Part III showed the loss is allowable between Stock and Debt basis, Column C and D, respectively. However, TT showed my allowable loss is $0. Can someone explains to me how to fix this? I also tried entering the total as positive in Columns C and D and that makes no difference.
