While reviewing my 2025 taxes, I noticed my stock basis on Form 7203 is growing. Looking more closely, I see that line 6 is blank for 2025 and was also blank on my filed 2024 return. My K-1s have a $230k distribution (Code D) for 2025 and $96.234 in 2024. If I am reading the IRS instructions correctly, line 6 on the 7203 should equal K-1, Box 16-D. In both years, line 5 on Form 7203 is well above these numbers, as I am not taking out more than the company made. I can manually enter line 6, but it doesn't seem appropriate to do that, and I could easily forget to do it next year. Is there a reason this is happening, and can I correct 2024 without filing an amendment?
Thanks for your help!
