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Form 7293 2007

7293 2007-2024 Form

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Instructions and help about Form 7293

okay for this video I wanted to go over form 7203 which is the S corporation stock and basis form that is now being included with form 1040s right so the form it's only been out about two years and what this is designed to do is adequately track your stock and debt basis in an S corporation to determine whether or not you can actually deduct losses on your 1040. so I've got one slide in front of us here with some of the basic rules the fact pattern that we're going to be working with and then of course I have a sample 7203 right so we've got it 7203 here with a return so a 1040 for John Smith so we'll look at the return we'll look at the 7203 and then we've got John's K1 from the S Corp as well right so he's got an S corporation he's a 50 owner in this S Corp that has some losses and we're going to see how all this information gets entered on its return and then ultimately how the basis limitation form Works to kind of cap the amount of losses that he can deduct in the current period a

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TX Form 7293 2012
4.7 Satisfied (356 Votes)
TX Form 7293 2007
4.7 Satisfied (135 Votes)

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