With our K-1, we 'materially participate' and all of our investment is 'at risk'.
I have input all K-1 data the same as usual and reflecting a loss which has always been all allowed.
With the new Form 7203, a new page shows saying that the 'allowable loss' is $0, and to adjust my K-1 to that.
This is not correct.
It is the form 7203 causing the issue. Why is it not reflecting the loss as allowed?
