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S corporation shareholders use Form 7203 to figure the potential limitations of their share of the S corporation’s deductions, credits, and other items that can be deducted on their individual returns.
Current revision
Recent developments
Reporting amounts from Schedule K-1 (Form 1120-S), box 13, code H, on Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations -- 12-MARCH-2025