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Basis Adjustment / Income Not Flowing to 7203 on Individual Return (From K-1)

troy
Level 3

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.

 

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3 Comments 3
IRonMaN
Level 15

I have been entering them manually all year.  


Slava Ukraini!
troy
Level 3

Meaning Box 1 from the K-1 for the share of business income?

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IRonMaN
Level 15

Yup


Slava Ukraini!
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