S Corp Debt Basis Restoration

[HenryLI]

How do I enter debt basis restoration on a 2023 Lacerte S Corp return? 

[Karl]

I would expect that it would happen automatically when the corporation has profits.  Debt basis gets restored first, before stock basis.  Did your client have a profit year, and are you not seeing debt basis restored on the 7203?

[sjrcpa]

You don't. It is computed at the shareholder level on their 1040.