topic Re: Form 7023 in Get your taxes done using TurboTax

Form 7023

dl1270g — Mon, 09 Mar 2026 07:00:52 GMT

The latest update now includes the blank worksheet and provides it to fill out in TT Advantage Premier at the end of diting you K-1. It is assigned to the correct K-1. However it doesn't show in a printed copy or saved (PDF) of the filed return. Does this indicate I don't need to file it, I doubt it. So than how is it that done. And will it will available to print the form or efile the return???

Re: Form 7023

AliciaP1 — Mon, 28 Mar 2022 18:58:28 GMT

This is the formal version of your basis calculation that you are responsible for tracking as a shareholder of an S-Corp. At this time it will not print, so you should manually track this year as you have tracked previous years.

The attachment built into TurboTax will be e-filed with your return as required by the IRS for 2021.