Can Form 7203 Auto-Populate based on K-1 Inputs?

[Tax Explorer]

Hi,

Is there a way for the Form 7203 on ProSeries to auto-populate based on the inputs from the K-1?

[IRonMaN · Accepted solution]

If you prepared the business return, importing the K-1 will populate the 7203.  But if you don't import, you won't have the luxury of auto-populating.

[Tax Explorer]

Hm ... do you know if ProSeries will update the Form 7203 to auto-populate based on the K-1 inputs next year?

[IRonMaN]

If I was a betting man, I wouldn't place a bet on that happening.

[Tax Explorer]

Just suggested this idea to ProSeries. Hopefully, they can make it happen since it should be something easy to update.

https://accountants.intuit.com/community/proseries-tax-idea-exchange/auto-fill-form-7203-based-on-k-...

[IRonMaN]

That is just a wishing well that Intuit created to give folks false hope.  But miracles happen, so good luck with that.

[Tax Explorer]

Thanks. In my opinion, I think it's something that ProSeries should automate since most fo the fields on the Form 7203 come from the K-1 inputs.