Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Basis Adjustment / Income Not Flowing to 7203 on Individual Return (From K-1)
Basis Adjustment / Income Not Flowing to 7203 on Individual Return (From K-1)
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
troy
Level 3
03-18-2024
01:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am noticing that when I import the K-1 into a 1040, the basis adjustment for the share of income is not being made on the 7203.
For instance, the ordinary business income is not automatically importing with the K-1 on the 7203.
Is it assume that this number gets manually entered? It is not generating an error.
Labels
3 Comments 3
troy
Level 3
03-18-2024
01:40 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Meaning Box 1 from the K-1 for the share of business income?
IRonMaN
Level 15
03-18-2024
01:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yup
Slava Ukraini!
