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Like title says: form 7203 line 8a non-deductible expenses is not populating frmo K-1 and not allowing a direct entry EXCEPT via override which is generally avoided.
Have any of you handled this situation?
TYIA
Best Answer Click here
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Try deleting the K-1 and see if a “fresh” K-1 works any better.
Slava Ukraini!
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I have to Manually enter the Numbers from the K1 to the Form 7203.
I didn't know the 7203 will self populate from the k-1.
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I never found any way to place entry on that line. I just override it so 7203 is correct. If you find some way to access that line; please post. Nothing posts automatically to 7203 so a new K1 won't work.
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Right on top of the form: Before Part One...
Stock and Debt Basis Limitations Smart Worksheet.
Item B: Nondeductible expenses just enter the amount for the current year
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Easily to overlook!!!!
Took me awhile to find where I had entered it on the forms I completed.. lol
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Didn't work on mine.