It seems there is something wrong with the software relating to the Form 7203. I have a loss on Ln 1 of K-1 from 1120S return. So because it's negative I can't enter in on Line 3a in Part 1 per instructions. That is blank or 0. The instructions say to enter negative numbers in Part III - That is Line 35 for losses reported on K-1 Line 1. The program however is telling me I have an error because I entered a negative number on Line 35 _ Part III - yet that is what the instructions say to do.
The form appears to be correctly filled out but I can't get rid of the error - however, the numbers are flowing through the tax software properly so that the loss is properly showing up on Schedule 1 Line 5 and on the 1040.
I am just going to ignore the error notice - but it needs to be fixed.
