Schedule E, Box E

6 replies
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With adding the form 7203, I included my Stock basis info.

The Schedule E, box E still does not show an X that this is required.

How does that box get populated with the X?

thanks!

JohnW152

Alumni - Intuit

In TurboTax Desktop:

Select the Forms icon in the upper right corner
Select Schedule E, p2 under Forms in My Return in the left pane
Scroll down to Part II, line 28 and check the box in column (e) next to the relevant entry
At the bottom of the screen, select the Close Form button

See the IRS’ 2021 Instructions for Schedule E (2021) for more information.

If you’re using a different version of TurboTax, please specify the version.

JMS23Author

Level 3

Thank you so much!

I have a quick follow-up.

The new form 7203 which shows the Stock Basis amount. That should not then populate

the Schedule E for the box E?

Meaning - the 7203 has nothing to do with the Schedule E.

Thanks!

AliciaP1

Alumni - Intuit

That is correct. Form 7203 is a new form for 2021 and will report the basis in your stock to the IRS instead of you just tracking it outside of your tax return.

@JMS23

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