Form 7203 S Corporation Shareholder Stock and Debt Basis Limitations form does not save entered values

[davidmilesfriedman]

The only option TT is giving me is to edit/delete the value in Line 35, Col. D. because Part II is blank, as opposed to fixing Part II.

[davidmilesfriedman]

TT will also not accept an answer to the "More Info" screen for the K-1 business. I tried "None of these apply" but it will not save.

[RobertB4444]

Ok.  When entering numbers into the worksheet you entered a number onto line one for your basis at the beginning of the year, correct?  And you entered the loss from box 1 of the K-1.  So what is the amount on line 15 from Part I of the 7203?

@davidmilesfriedman 

[davidmilesfriedman]

There is no stock basis. There is debt basis.

So, 7203 Part I, Line 1 & 15 are 0.

Part II, lines 16,18,19,20,21,24,25,26,27,29,30,31 have values which I attempted to enter into TT for my 1040.

Part III has the loss in line 35 col. a & d, and 47 col. a & d. 

[davidmilesfriedman]

Please note this issue is still unresolved and I am not able to file my 1040 with Turbo Tax. Updates have been posted to the thread.