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Form 7203

krishnabhandari
Level 1

Hi Community,

There is difference in S Corp 7203 and Individual flow through 7203. Opening carryovers of XXX amount, is not flowing in Individual form 7203 nor their is option of adjusting the same in form 7203.      

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1 Comment 1
PhoebeRoberts
Level 11
Level 11

You want the section called Basis Carryovers in the K-1 input screen of the 1040.