Form 7203 S corporation Shareholder Stock and Debt Basis Limitations is a new form for 2021 that needs to be included with form 1040 if an individual has schedule E attached with income from an S-Corporation and also received distributions.
Your response makes me wonder if you know what this form is.
I need to know when the form will be available for personal returns filed through Turbo Tax - specifically Home and Business and if the form will also be able to be efiled with the TT personal return. Can anyone answer that as I need this informaiton.
