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Level 3
posted Apr 3, 2022 6:36:20 PM

Form 7203 Does every single figure on K-1 get entered to the 7203?

In entering figures into Form 7203, I noticed my K1 has a figure in box 4 for Interest Income, and that same dollar amount is also showing in box 17A (Investment Income).  It would seem this is redundant.  Or am I missing something?

 

Does every single figure on the K-1 have a place on Form 7203, or are there K-1 figures that are not necessary to include in the 7203 (if so, what box numbers/letters are excluded)?

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1 Replies
Expert Alumni
Apr 4, 2022 8:18:01 AM

You are correct that boxes 4 and 17A are duplicated if the amount is the same.  Please see S Corporation Stock and Debt Basis for more detailed information on what is reported on Form 7203.