richw1
Level 2

I have entered my client's K-1 for their S-Corp which shows approx $100K Loss.  I've filled out Form 7203 to justify basis in the S-Corp in order to deduct the loss.  The modified adjusted gross income is approx. $1.3 million.

The problem is I can't get the loss to carryover onto Sch E, which should populate Sch 1 and transfer to the 1040.

Am I missing something?

0 Cheers