monica110
Returning Member

Loss S corporation

Hi

 

After I entered all my information about my  K1 that this year is a loss 

there is a screen that says Describe the Partnership.  Says to check one of these: 

  1. All of my investment in this activity is at risk and
  2. I have at-risk losses carrying over from 2021    I checked number 1 and says that I am required to do form 7203 but I don't have any idea how to do it! Please help