TaxGuyBill
Level 15
08-27-2022
09:52 AM
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Some ProSeries user incorrectly use Form 6198 for Basis limitations, but it is incorrect to file that form for Basis.
Yes, ProSeries is SEVERELY lacking by not have a way to limit Basis. I suspect that it will be coming soon (at least for S-corporation) due to the IRS not requiring Form 7203.