I owned 100 share of ABC Inc S Corp at the end of 2020. I sold 40 shares on 8/1/2021. I know how to calculate cost bases for sold and remaining shares and how to allocate prorated income/distributions/credits to each block of shares. Form 7203 instruction says:
If there is a partial stock sale or partial redemption, you may file more than one form and provide a description of what period the form covers. See Regulations section 1.1367-1(b)(2) and (c)(3) for details.
I have TurboTax Home and Business 2021 installed on Windows 10. After I enter K-1 S Corp (ABC Inc), TT lets me enter information into a single copy of Form 7203. How do I create 2nd copy of 7203 for the same S Corp.
BTW: I am able to create 2nd 7203, but that also creates 2nd K-1 S crop, but I want to create 2nd 7203s for the same ABC Inc S Corp under a single K-1.
I know 7203 is a new form into TT, but I assume TT developers have thought through this need for 2nd 7203 for the same company.
