Question

New Schedule K-1

Forum|Forum|4 years ago
April 17, 2022
1 reply
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After e-filing my Federal and State tax returns (already accepted), I received a Form 1065 (Sch K-1) from a new entity (Entity B) in which my spouse is a domestic partner. It has no income/loss yrt but only includes capital contributed during 2021. I updated the tax return and when e-filing, it says to attach Form 7203. I don't know how to add it which Turbotax didn't prepare one.

My other Sch K-1 (Entity A) which is an S Corp and has income/loss. In this case Form 7203 was automatically prepared by Turbotax when entering the information from its Sch K-1.

Could someone help me what am I supposed to do so that Turbotax prepared Form 7203 for Entity B. Would appreciate it.

M

MinhT1

Form 7203 is prepared together with Schedule K-1 of Entity B and have been provided to you by the tax preparer of Entity B. You should reach out and ask for that form. That form should then be attached to your tax return.

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