Why is Turbo Tax auto filling zeros in my 7203 form part II instead of allowing me to leave it blank? It is requiring that I pick if this is open account or formal note.

kirstymaciver · Mar 7, 2025 9:49:11 AM

I don't have any shareholder debt basis. Turbo tax is requiring that this section is filled out and that I pick between formal note and open account. What is the correct thing to do if the answer to all items is zero?

The Cocoa Kid

Returning Member

I filed 2024 returns using Turbotax Deluxe Fed. & State Desktop. 4 2024, NC required its own form to calc its allowable biz. NOL. Turbotax didn't fill in. Why?

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erinnbrown9330

New Member

Has anyone else had turbo tax say you didnt qualify for a tax credit because an amount (an amount LESS than the requirement) is MORE than the amount the irs allows?

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jawckey

Level 4

Two people filing using turbotax premium on mac

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adamw13

Level 2

I withdrew money from a 457B account and TurboTax is requiring me to fill out a M1QPEN form for a pension withdrawl, even though this was not my pension account.

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christina-svendsen

New Member

Hi, need to enter 1099-Rs but Turbo Tax does not give option. Am under 65 but have taken required minimum distributions because accounts are inherited (death benefits).

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Why is Turbo Tax auto filling zeros in my 7203 form part II instead of allowing me to leave it blank? It is requiring that I pick if this is open account or formal note.

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