Lindsey,
Does Turbotax realize that by not providing an e-file version of Form 7203 they will be causing a huge number of S corporation shareholders to have to file paper returns at a time when the IRS cannot even process paper returns from last year? Distributions and loan repayments from S corporations are extremely common and even a modest distribution or loan repayment would trigger the Form 7203 filing requirement. Add to this list of affected taxpayers, those S corporation shareholders who had stock redeemed or were allocated an aggregated loss for the year.
Respectfully,
mtzttax
CPA, MST
