topic Re: Form 7203 line 3a error in Get your taxes done using TurboTax

Form 7203 line 3a error

bmollo6454 — Mon, 09 Mar 2026 10:07:21 GMT

I am having problems resolving what feels like a circular error. 3a states "enter the amount from Schedule K-1 line 1 (enter loss in Part III). My K-1 line 1 is a loss/negative #. But TurboTax won't let me enter a loss in 3a or a 0 because I get the error message "Line 3a cannot have a gain in Part 1 and a loss in Part III."

How do I fix this?

It is the only thing I need to resolve in order to file.

Re: Form 7203 line 3a error

AliciaP1 — Sun, 17 Apr 2022 22:53:53 GMT

Part I is for the increases, so income, and Part III is for losses. If your basis for 2021 is reduced by a loss, this amount goes in Part III to be calculated.

Re: Form 7203 line 3a error

bmollo6454 — Sun, 17 Apr 2022 23:54:19 GMT

Hi,

Since I have 0 increase, then 3a should accept a 0, correct?

Re: Form 7203 line 3a error

AliciaP1 — Mon, 18 Apr 2022 00:04:19 GMT

I'm not certain if it does, but more likely you should just leave it blank.

@bmollo6454

Re: Form 7203 line 3a error

gte861s — Sat, 24 Sep 2022 22:13:20 GMT

I'm having the same issue. Turbotax entered an amount in the "income" gain section (3a) and it entered the same value in the section 3 loss amount. It will not let me zeroize the loss section (there was only a gain for the business)....I cannot file my return. The only section I can edit is line 3a and if I put 0 it also does not work....however, even if it were to accept the zero for 3a....that would be wrong because I had a gain not a loss.

Re: Form 7203 line 3a error

Aggie01 — Fri, 14 Apr 2023 15:17:48 GMT

If anyone is still having this issue, I found a solution. If you have a gain, make sure that Part III does not have any numbers (including 0's). Also, when you delete the 0's make sure you also delete the decimal point after the 0. Once all of the 0.'s are removed you can recalculate and this error should go away.

Re: Form 7203 line 3a error

REWEA — Fri, 23 Feb 2024 19:24:54 GMT

This solution worked in TTD but not TTO

Re: Form 7203 line 3a error

REWEA — Fri, 23 Feb 2024 19:43:19 GMT

The problem was that the K-1 was bringing over 0. debt and the program was reading that as debt

Re: Form 7203 line 3a error

iguana667 — Sat, 13 Apr 2024 16:13:01 GMT

Thank you, kind internet stranger. This worked for me. Go Aggies!

Re: Form 7203 line 3a error

SJ2024 — Fri, 20 Sep 2024 19:02:36 GMT

Worked after deleting the 0 and everthing in the cell. Thank you.