As tagteam explained earlier, there is no entry for capital contributions in the Step-by-Step interview for Form 1102S (S-Corp), nor is this reported on the shareholder K-1.
However, TurboTax does create a Shareholder Basis Worksheet for each shareholder. This is found in Forms Mode directly under the Schedule K-1 for the shareholder.
Current year stock purchases (contributions) are entered in Part I Line 2 of this form. From the Shareholder perspective, this is a new "stock block" for Form 7203 that is filed with the individual 1040 tax return.
@hard8hopping
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