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Form 7203 Not Being Generated

On my 2024 K-1, there is an amount in Box 16 with Code D for a distribution.  That makes me think that I need to submit a Form 7203, but my TurboTax Premier is not generating that form in my return.  Why would that be?  Would this distribution need to be entered on line 6 of Form 7203?  That is also not being input by my TurboTax product.

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1 Best answer

Accepted Solutions
JamesG1
Expert Alumni

Form 7203 Not Being Generated

At the screen S Corporation Basis, in TurboTax Premium, enter the distribution on line 6 of IRS form 7203.  

 

Make sure that you select Refresh Calculations at the bottom of the screen.

 

If this does not completely answer your question, please contact again and provide more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
JamesG1
Expert Alumni

Form 7203 Not Being Generated

At the screen S Corporation Basis, in TurboTax Premium, enter the distribution on line 6 of IRS form 7203.  

 

Make sure that you select Refresh Calculations at the bottom of the screen.

 

If this does not completely answer your question, please contact again and provide more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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