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Level 1
March 9, 2026
Question

Can I ignore this flag on the Loan from Shareholder for Form 7203?

  • March 9, 2026
  • 1 reply
  • 6 views

Here is the situation...

There was only ONE loan from the shareholder for this S-Corp and so I entered it in the normal input fields.  But, ProConnect keeps popping up a suggestion that I also fill in the fields for the multiple loan section.

I clicked the "ignore" box and yet this persists.

Now I'm second-guessing myself.  Maybe something on the backend is not working with the regular input fields since the fields for multiple loans are available for use?

Or is the normal behavior that you check the "ignore" box on the suggestion and ProConnect continues to throw up the red boxed suggestion and highlights the multi-loan input field as your solution to the problem it has identified?

Sorry if this is a simple question I should know.  I'm new here.  

1 reply

George4Tacks
Level 15
March 9, 2026

This article may help. 

Ignore is saying "Yeah, I read it, but it ain't nothing to worry about." That won't make the warning go away. The article will detail the others that won't let you e-file and that you really can't ignore. 

Answers are easy. Questions are hard!