Form 7203

Forum|Forum|4 years ago
June 15, 2022
2 replies
7 views

I am required to complete Form 7203 this year, however, I can't fill in line 8a or line 9 to make Form 7203 match form 1120S for my K1. If I can't complete line 8a and line 9, my form will incorrect and not provide me with an accurate recording of my basis. Will these two lines be made available in the near future by TurboTax?

Anonymous_

Level 15

Are you using a desktop version of TurboTax?

Have you tried entering Forms Mode and using the Smart Worksheet for Form 7203?

mdagiantis

Level 2

Did you ever get this resolved? I am running into the same issue this year.

RobertB4444

Level 15

Nondeductible expenses should be showing up as item 16 C on your K-1. If you enter something from that box it should carry over to the 7203 automatically.

If you don't have an entry in 16C this isn't a worry for you.

If you do have an entry for 16C make sure that you entered it properly in the K-1 worksheet.

All else failing then you will need to go to the forms mode on TurboTax desktop to adjust the form manually.

@mdagiantis

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mdagiantis

Level 2

Thanks for this. I did got back and check and that amount is entered properly on Schedule K, so I don't know why it didn't pull it in. I will try forms mode to correct. Thanks.