@PTGeek wrote:
So if I am understanding this correctly, I am filing my K-1 (form 1120s) electronically and hanging on to my 7203 for my records and future basis calculation???
Retain your K-1 (1120-S) for your records. You do not file your K-1 with your 1040 unless backup withholding is reported in box 13 using code O.
Form 7203 is new and you also do not file it with your return except under certain circumstances.
See https://www.irs.gov/pub/irs-dft/i7203--dft.pdf
