Critical Diagnostic: Efiling 1040 with form 7203 must attach PDF (Ref. #56844)

Forum|Forum|4 years ago
March 3, 2022
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I am receiving a diagnostic "e-file: form 7203, S Corporation Shareholder Stock and debt basis limitation, must be attached as a PDF for electronic filing purposes"

I have attached the PDF but i am still getting the critical diagnostic and i cannot file return. Please help?

Lacerte Tax

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K

Karl

Intuit Community Champion

Interesting, because I have my first 1040 w/ an S-Corp K-1 ready to file, and I'm not getting that diag. I would check your K-1 inputs on Screen 20 and make sure everything is in there for basis. You do need a "-1" in "stock basis at beginning of year even if beginning basis is zero." Then I would go look at forms to make sure 7203 is populating. I hope this helps.

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K

Karl

Intuit Community Champion

I just found something else that might help. In Settings>Options>Tax Return>Federal Tax Options, near the end, there's a drop-down field for "Basis Schedules" with four options. Mine is set to "Always with statements."

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