abctax55
Level 15
‎02-04-2024 06:45 PM

From the IRS:

  1. Purpose: S corporation shareholders use this form to understand the limitations related to their share of deductions, credits, and other items associated with the S corporation.
  2. Filing Requirement: While S corporations themselves are not required to file Form 7203, individual s...2.

 

(emphasis by me)

HumanKind... Be Both