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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.
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- Form 7203
Form 7203
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panda62
Level 1
01-19-2022
07:32 PM
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Are we really not including Form 7203 in ProSeries? So although I like ProSeries, the worst thing about the program is lack of basis limitation schedules, and now that the IRS requires Form 7203 for S-corp owners, it basically sounds like S-corporation individuals are no longer supported in ProSeries. We are really going to have to manually complete all the 7203 forms and attach them to the return in Proseries? Come on Intuit... this is kind of a no brainer, and basis schedules have been suggested year after year by numerous CPAs, so I'm not sure why this input isn't put into action...
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TaxGuyBill
Level 15
01-19-2022
07:55 PM
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An Intuit employee posted this yesterday:
"ProSeries is planning to support Form 7203 and it is currently in development."
