Re: 1120 S Corp K-1 with loss but shareholder has no basis. Where do you enter the basis so the loss isn't used on the return?

TaxGuyBill · ‎04-28-2023

@IRonMaN wrote:

Do you need a note or just follow the tracking on the 7203?

I would need a note the 7203 is new enough that I would forget to look at the 7203. 😰

Or I suppose I could write a note that I should look at the 7203. 🤣