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Generate Form 7203: S Corporation Shareholder Stock and Debt Basis Limitations

Form 7203 generates for a 1040 return when:

The return has a Schedule K-1 (Form 1120s) as an entity in the K1 1065, 1120S
folder, and

The Calculate shareholder basis worksheet
checkbox is marked on the SBasis1
tab of the K1 1065, 1120S
folder.

If Form 7203 isn't populating, make sure at least 1 of the following is true:

The S corporation entity is deducting an aggregate loss (which may include prior-year suspended loss carryovers).

Data is entered in the Property distributions
field on the

K1-5

screen.

Data is entered in the Repayment of shareholder loans
field on the

K1-5

screen.

The Shares sold or disposed during the year
field is marked on the

K1

screen.