I agree, and this is what I'm doing now.
I had to double check my return before efiling to catch this; Turbo Tax didn't even check the required column E in line 28 per the Schedule E instruction on the actual schedule.
In addition, because no basis computation is provided, an S corp owner with losses can't efile their Turbo Tax return, which seems to me to be a weird result and a limitation of the product, if not disingenuous on its features. I'm pretty sure there's a sizable minority, if not half, of S corp owners with losses being carried over to their individual returns, which appear to require paper filing here.
