pcrubingercpa
Level 3
02-08-2022
09:14 AM
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I agree...this form should be a no-brainer within the 1120S software since all the basis calculations are already there. I presume the 7203 would then go out to each shareholder with the K-1s, for the shareholder to complete and attach to his 1040. We need this form or will have to create from a downloaded 7203 and attach to each 1040 we file.