Question
Basis Adjustment / Income Not Flowing to 7203 on Individual Return (From K-1)
I am noticing that when I import the K-1 into a 1040, the basis adjustment for the share of income is not being made on the 7203.
For instance, the ordinary business income is not automatically importing with the K-1 on the 7203.
Is it assume that this number gets manually entered? It is not generating an error.
