Hope this helps TT clients with the noted issue of having a K1 that reports an Ordinary Business Loss in Box 1 AND a Capital Gain in 7, 8a, 8b and or 8c.
Enter the loss on Line 11 ONLY. This entry will be accepted, adjust the stock basis when calculations are refreshed.
Do not enter any information below in Section 3 as TT recommends, eventually resulting in the ERROR message and the inability to process. Further, TT experts were perplexed with the issue, internal escalation provided no useful support for Form 7203. Resulting, an inordinate amount of time was spent going through "hunt and peck" trial and error recommendations that provided no resolution.
