How do I correct a 7203 that got flagged with an error during the federal check?

Forum|Forum|3 months ago
April 14, 2026
1 reply
35 views

Doing the error check, and its caught in a loop and wont let me correct/edit an entry or progress.

TurboTax Online

MaryK4

Level 15

The error loop usually happens when TurboTax is trying to reconcile information between your K-1 input and the calculations on Form 7203, but the underlying data (often Beginning Stock Basis or Prior Year Unallowed Losses) is conflicting. Check the K-1 information, paying close attention to the "Basis Limitations" or "Prior Year Losses" section.

If you have your ending stock basis from your 2024 Form 7203, use that amount for your "Beginning Basis". If you do not have your 2024 basis calculation, you will have to enter your "Prior Year Unallowed Losses" from your K-1 (Box 16, Code D, if listed) and then answer the subsequent interview questions very carefully so that TurboTax can rebuild the basis calculation correctly.

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