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Level 2

Question

Excess S corp distributon

Forum|Forum|1 year ago
June 30, 2024
2 replies
1 view

I have completed form 7203 and need to report excess distributions to from 8949 to flow to Sch D but I my TT will not loan form 8949. I have schedule d in forms but I am not able to type anything in it. It says amount comes from form 8949. Need help.

Level 15

Not 100% sure here but I don't think Turbotax will pick that up automatically......I think you have to make the entry yourself on form 8949. IOW, report it as a capital gain on form 8949.

Level 15

in jump to/search box type in "capital asset sales" - no quotes

then open the worksheet

if it asks for financial institution just type in xxxxxx

Mike9241