Gain on Repayment of Loan and Form 7203
Before the form 7203, lacerte would export repayment of shareholder loan to the personal tax return on the schedule D. With the 7203, it lists the repayment as non-taxable on line 26 and line 33 so it doesn't show as a reportable gain (line 34) which means it doesn't export it as a gain to the taxpayer. How do you tell Lacerte it's taxable?
