Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jun 30, 2024 4:13:01 PM

Excess S corp distributon

I have completed form 7203 and need to report excess distributions to from 8949 to flow to Sch D but I my TT will not loan form 8949.  I have schedule d in forms but I am not able to type anything in it.  It says amount comes from form 8949.  Need help.

 

0 2 9257
2 Replies
Level 12
Jun 30, 2024 4:27:28 PM

Not 100% sure here but I don't think Turbotax will pick that up automatically......I think you have to make the entry yourself on form 8949. IOW, report it as a capital gain on form 8949.

Level 15
Jun 30, 2024 6:10:39 PM

in jump to/search box type in "capital asset sales" - no quotes  

then open the worksheet

if it asks for financial institution just type in xxxxxx