Part II lines 16 through 21 report debt basis but it is possible that you have no debt loaned to the S corp to report.
IRS Form 7203 Instructions page 3 referring to Part II Shareholder Debt Basis states:
You must complete this section if you have personally loaned money to the corporation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
