Hi Miss Patricia,
I entered the followings in form 7203:
Part I:
1 Stock basis at the beginning of the corporation’s tax year: 0
3 (b): Net rental real estate income : 3496
11. Allowable loss and deduction items. Enter the amount from line 47, column (c): 3496
The rest as I mentioned in my previous message.
After completion of form 7203 TurboTax asks to manually enter the data in K1 box 2. Should I enterl neg 3496 or 0?
I appreciate your response.
thank you
