PatriciaV
Expert Alumni

Business & farm

JamesG1 was referring to Form 7203 as it appears in TurboTax. Line B Nondeductible expenses appears in the Stock and Debt Basis Limitations Smart Worksheet at the top of the form.

 

Part I Line 7 is the sum of Stock Basis less Distributions, which is not normally zero if any stock basis has been entered.

 

@sconmifi 

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