Well yes ... except Form 7023 shows no value for Stock Basis (Pt 1, Line 1) and there is no ability to correct this in TurboTax online. Then Pt 1, 3a auto populates from K-1 which a loss (which is wrong ... and the TT error check catches that and asks to amend). If a loss, TT should be entering 0. Without a Pt 1, Line 1 basis ... Pt 1, Line 10 (the stock basis minus various 3-9) will be ZERO so there can be no loss taken, and Form 7023 becomes uncomputable one Pt 3 35 Col A has the loss entered.
Without a stock basis, no loss can be claimed. TT provides no ability to enter that information in Form 7023. Best as I can tell - if there is a loss, TT cannot be used to e-file a federal return.
