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Level 1
February 8, 2023
Question

Form 7203

  • February 8, 2023
  • 3 replies
  • 24 views

Hello, 

Just wanted to confirm if form 7203( shareholders basis),on individual return, will be part of the return in 2022 Proseries or do we have to attach it as a PDF to the return?

Thank you

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3 replies

IRonMaN
Level 15
February 8, 2023

When you review the return I believe you get a friendly reminder that it needs to be attached as a pdf.

Slava Ukraini!
Level 5
February 20, 2023

Is this a Proseries thing about still having to manually attach a .pdf version of form 7203 or is the IRS still not able to have that form be efiled like other forms?

IRonMaN
Level 15
February 20, 2023

I'm guessing the IRS, but does it matter?  Either way we are forced to do it.

Slava Ukraini!
Level 4
February 21, 2023

Hello, according to the forms availability list, a form 7203 is both available to print and to e-file. Are you getting an error or prompt not allowing for e-file? If so, please add a screen shot to the thread so I can look into it? Thanks! 

Level 5
February 21, 2023

Form 7203 must be attached as a .pdf meaning that it is not efiled like the rest of the tax return. You have to do additional steps.  First you have to print the form 7203 as a .pdf, save it to your harddrive, then attached that .pdf to the tax return before efiling it.  The form 7203 goes with the efiled tax return as an attachment.

Level 4
February 23, 2023

I'm looking into this and if I receive any insight I will report back. Thanks for the info! 

Level 2
March 8, 2023

 I have a 1040 I am preparing that gave me the diagnostic for the Form 7203.  I am also preparing another return that has a form 7203 but I do not get the error.  So is the Form attaching automatically or not.  When I looked for supported forms, it shows that 7203 is ready to efile??

IRonMaN
Level 15
March 8, 2023

You need to attach it if it is needed.

Slava Ukraini!