Form 7203

[dmurphy2021]

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_]

Are you using a desktop version of TurboTax?

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

[mdagiantis]

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

[RobertB4444]

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 

[mdagiantis]

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.

[REB1593]

I am using desktop TurboTax for my 2023 1040. (Mac version) My K-1 has a number in 16C (non-deductible expenses) that should be carrying over to Form 7203.  It is not and the software won't allow me to enter it manually on 7203.  The result is my stock basis is being overstated by that amount and it therefore doesn't match the number on my 1120-S.