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jd20041
Returning Member

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.

 

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2 Replies
M-MTax
Level 10

Excess S corp distributon

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.

Excess S corp distributon

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

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