After further investigation it appears that the trigger is adding K-1 16D will force a Schedule E, Line 28e Basis Computation and then adds form 7203. Whether or not I add my shares quantity, percentage of stock ownership, answer my personally paid medical, and interest income does not force a 7203.
I have always added 16D to TT in the past and have never been asked to file form 7203. I'm not sure where also the K-1 16D affects my 1040 or Schedule E as I still have K-1 17V added which is the sum of my W-2 + OBI.
I presume I can still hand mail in my 1120S along with the K-1 and keep the 16D along with Part 1 D and Part 2 H showing the number of shares beginning and end of 2024? Nothing changed, both still 10k.
Just disregard entering K-1 16D into TT?
@PatriciaV
