richw1
Level 2
07-21-2025
04:55 PM
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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?
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