Question
Why doesn't 1120S Sch K-1 import ordinary income to 7203 line 3a
Preparing a 1040 for husband & wife - each own 50% of their S corp.
S corp had income in 2021. There is no suspended loss carryover from prior year.
After importing their K-1s from the 1120S, I was happily surprised to see that the info from their s/h basis worksheets imported directly to the 7203. Here is my problem....all info imported over EXCEPT ordinary business income. Line 3a of the 7203 is blank. Has anyone had this issue?
