1) There are no negative numbers anywhere on the form.
2) if in any year, the losses reported on Schedule K-1 took your basis below zero. those were "disallowed" and carried forward.
Note that Form 7203 reports your side of the investment. These calculations are not made by the S-Corp; these should come from your historical records.
For more assistance see:
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
