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 Form 7203PDF Instructions for Form 7203 (Print Version)PDF Recent Developments None at this time. Other Items You May Find Useful All Form 7203 Revisions About Form 1120-S, U.S. Income Tax Return for an S Corporation About Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc. About Schedule E (Form 1040), Supplemental Income and Loss S Corporations Other Current Products
