ProSeries Won't Support Form 7203?

Forum|Forum|4 years ago
December 10, 2021
1 reply
6 views

The first article was just updated a few minutes ago, and the second article was updated yesterday. They BOTH say that ProSeries does NOT support Basis limitations.

https://proconnect.intuit.com/community/schedule-k-1/help/limiting-k-1-losses-to-basis-and-at-risk-limitations-on-an/00/183439

https://proconnect.intuit.com/community/schedule-k-1/help/proseries-s-corporation-schedule-k-1-worksheet-faq-s/00/4682

Does that mean that ProSeries won't support the new Form 7203? Or are the people who "updated" the support articles completely clueless and didn't actually read the article that they updated?

https://www.irs.gov/pub/irs-dft/f7203--dft.pdf

@1569

ProSeries Basic

This topic has been closed for replies.

IRonMaN

Level 15

This gets complicated. Somehow they need to get the Update Team, the Article Team, the Form Team, and the Clueless Team all into the same room to hash that out. Hopefully the Room Team is available so that they can find a place to meet.

Slava Ukraini!

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