Question

How does one complete form 7203 for AMT purposes?

How do the amounts differ from regular tax?

k-1 income expenses adjusted for any amounts on line 17

@Mike9241 Line 17 on 7203 is "Additional loans"... Are you referring to another form?

The instructions do not make any reference to a separate AMT calculation.

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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