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JPDK3559
New Member

E-file Problem

TurboTax is preventing me from e-filing my federal return, due to an issue with Form 7203.  TurboTax is claiming that I cannot have a gain in Part ! and a loss in Part III.  That is not true.  But because TurboTax thinks otherwise, it will not let me complete the e-filing process.  (The "loss" in Part III is for charitable contributions, which is a legitimate offset against the shareholder cost basis.)  How do I get this resolved?

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2 Replies
AliciaP1
Expert Alumni

E-file Problem

You need to ensure you are entering the charitable contributions on line 42 and not on a line that reports a "loss". 

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JPDK3559
New Member

E-file Problem

I definitely entered the charitablle contributions on Line 42 of the form.  Something seems to be wrong with this year's TurboTax interpretation of Form 7203.  I had the same types of entries on Form 7203 last year - a net profit and a charitable contributions offset - and TurboTax gave no errors then.  This seeming glitch in TurboTax prevented me from e-filing my return,which I am not happy about.

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