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Level 1
April 13, 2026
Question

I am completing my Form 7203 and need to select "Formal Note" for a loan from shareholders but the button won't stay. Going through the Federal check, I get an error.

  • April 13, 2026
  • 1 reply
  • 27 views
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1 reply

Level 15
April 13, 2026

In TurboTax Online, I was able to enter a formal note in line 16 of IRS form 7203.

 

Under Federal review, at the screen Check This Entry, I clicked Isformalnote above and then Continue.

 

Then I see Your Federal return is in great shape.


 

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