Is there a way in Proseries to have the software apply a S Corporation loss limitation due to basis, as computed on Form 7203, to the Schedule E, Page II and ultimately the actual 1040?

I have a situation where my S Corporation shareholder has a ($10,000) loss on their current year K-1 which I enter into the S Corporation K-1 worksheet.  I then go to Form 7203 as required by IRS due to the K-1 loss.  I complete Form 7203.  For simplicity my client has $6,000 of S Corp basis coming into the year and no other S corporation activity that would affect basis during the year other than the ($10,000) loss.

Form 7203 correctly adjusts the current year basis down to $0 and in Part III which is the allowable loss section also correctly computes the $6,000 current year allowable loss from stock basis and a $4,000 carryover amount.

However the entire ($10,000) loss still ends up on Schedule E, page II and on the 1040.  The software is flowing through the entire loss even though form 7203 computes that only $6,000 of the $10,000 is allowable/deductible in the current year.

Also, the shareholder materially participates in this business so it isn't a Form 8582 passive loss situation.  The loss is limited only because of insufficient basis.