It's one 7203 per K-1.  What kind of mystical feats are you attempting?

client has two 7203. Two different S-Corps  I have one entered, but cant figure out where to create another one.  It keeps sending me back to the first one I entered.

I just tried one out of curiosity.  I created a new K-1, clicked on the 7203 button in the K-1 and it didn't show up in the forms list.  But once I started putting numbers in, it popped up with the related K-1.