rcipullo
Level 2

I am referring to the individual return where additional basis is provided by officer W-2 wages

( is it not?)  allowing SEC 179 to be taken. But form 7203 thakes the wages and allocates it to  suspended losses, contributions made and to SEC 179.. I believe it is suppose to be allocated just to SEC179 otherwise we would be additing wages paid to the basis schedule all the time.  

 

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