Like title says: form 7203 line 8a non-deductible expenses is not populating frmo K-1 and not allowing a direct entry EXCEPT via override which is generally avoided.
Have any of you handled this situation?
TYIA
Best Answer Click here
Right on top of the form: Before Part One...
Stock and Debt Basis Limitations Smart Worksheet.
Item B: Nondeductible expenses just enter the amount for the current year
Try deleting the K-1 and see if a “fresh” K-1 works any better.
I never found any way to place entry on that line. I just override it so 7203 is correct. If you find some way to access that line; please post. Nothing posts automatically to 7203 so a new K1 won't work.
Didn't work on mine.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.