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.
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
RehbergW
New Member
PeteC1
New Member
bhsong206
Level 2
rjeffreys
New Member
xmasbaby0
Level 15