Using TT Desktop Premier.
I have prior S-corp losses carried forward due to no basis. This year have additional basis and can take some of the losses as PYA (Prior year Adjustment.) As far as I can tell from the IRS instructions, I need to include Shareholders Basis calculation (the new form 7203) for this loss. TT figures the PYA on sch E correctly but does not recognize the need for a basis calculation, so does not present me with the form 7203. Also Form 7203 is not included in the forms for me to manually add it. So 1) is form 7203 required for PYA losses and if so 2) do I have to file a paper return or will Intuit include it in the forms before 4/15?
Thanks.