Upon review, my Form7203, line 3a is blank while my S Corp made ordinary business income, it is not showing on Line 3a. Looks like a bug to me. How could I fix it?
Upon review, my Form7203, line 3a is blank while my S Corp made ordinary business income, it is not showing on Line 3a. Looks like a bug to me. How could I fix it?
i use desktop but I think the steps are the same. note the 7203 who must file
Form 7203 is filed by S corporation shareholders who: • Are claiming a deduction for their share of an aggregate loss from an S corporation (including an aggregate loss not allowed last year because of basis limitations), • Received a non-dividend distribution from an S corporation, • Disposed of stock in an S corporation (whether or not gain is recognized), or • Received a loan repayment from an S corporation.
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so if you have income no carryforward losses and the other 3 items also don't apply, Turbotax will not ask for the 7203 info