Question

Form 7203 Does every single figure on K-1 get entered to the 7203?

Forum|Forum|4 years ago
April 4, 2022
1 reply
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In entering figures into Form 7203, I noticed my K1 has a figure in box 4 for Interest Income, and that same dollar amount is also showing in box 17A (Investment Income). It would seem this is redundant. Or am I missing something?

Does every single figure on the K-1 have a place on Form 7203, or are there K-1 figures that are not necessary to include in the 7203 (if so, what box numbers/letters are excluded)?

AliciaP1

You are correct that boxes 4 and 17A are duplicated if the amount is the same. Please see S Corporation Stock and Debt Basis for more detailed information on what is reported on Form 7203.

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