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T
troy
Level 5
April 16, 2023
Question

How to Remove Form 7203 Error

  • April 16, 2023
  • 1 reply
  • 11 views

I see the software is generating a Form 7203 error.

Is there a way to have the system generate the form based on the basis that is entered in the K-1 screen? Or does it need to be manually included?

This topic has been closed for replies.

1 reply

George4Tacks
George4Tacks
Level 15
April 16, 2023

I assume you have a S-Corp K-1. In that input look across the top for Basis and complete that section. 

Answers are easy. Questions are hard!
T
tccpg289
Level 5
April 16, 2023

What are the actual entries required on that screen to remove?

George4Tacks
George4Tacks
Level 15
April 16, 2023

https://proconnect.intuit.com/support/en-us/help-article/form-1065-schedule-k-1/complete-form-7203-proconnect/L9pnlW1oM_US_en_US?uid=lgjwv7ze

Answers are easy. Questions are hard!
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