Thank you,

I could not find form 7203 under forms?

In the past i used form 6198 at risk limitation and entered partner's basis there, was not sure if this is a good option to report partner's allowable loss from partnership or (S) Corp?

Since this is an important and complex calculation and need tracking from year to year. Pro series professional software may need to consider generating Basis and loss limitation statement with K-1

and Quick Zoom line under the personal tax, to enter the basis and losses limitation. This will be a great help for us to make sure we report the correct allowable losses from partnership and (S) Corp.

This is similar to section 199A (QBI) statement that is printed with the K-1 and we use it to enter the

QBI info to form 1040.