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Level 1
February 5, 2025
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Additional Form 7203 for multiple stock blocks for same s corp shareholder

Related products:Lacerte
  • February 5, 2025
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One of the shareholders in an S-Corp has multiple stock blocks and needs to track basis for each block. Lacerte will not allow me to add a second form 7203 for the same shareholder. 

K1 items need to be allocated based on stock block percentages and basis needs to be tracked for each block.