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
Instructions for Form 7203 (Print Version) PDF
Recent developments
None at this time.
Other items you may find useful
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.