Stacys
Level 1

My issue with Lacerte's preparation of the 2022 Form 7203 in the 1120S  program is an amount appeared on line 35 (d) "Allowable loss from debt basis" and on line 30 "Allowable losses in excess of stock basis" that is not entered anywhere in the program input and is completely incorrect. This inaccurate 7203 was filed with the 2022 1120S and issued to the shareholders. I went into the 2022 1120S Lacerte program made a copy of this return that was timely efiled, unlocked the return and now the 7203 does not have an amount for "allowable loss from debt basis" and is correct! Has anyone had a similar issue? Does anyone have thoughts on filing an amended 1120S to file the correct 7203?

0 Cheers