On my 2024 K-1, there is an amount in Box 16 with Code D for a distribution. That makes me think that I need to submit a Form 7203, but my TurboTax Premier is not generating that form in my return. Why would that be? Would this distribution need to be entered on line 6 of Form 7203? That is also not being input by my TurboTax product.
At the screen S Corporation Basis, in TurboTax Premium, enter the distribution on line 6 of IRS form 7203.
Make sure that you select Refresh Calculations at the bottom of the screen.
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