Form 7203

Form 7203 (Rev. December 2022)S Corporation Shareholder Stock and Debt Basis Limitations
Attach to your tax return.Go to www.irs.gov/Form7203 for instructions and the latest
Name of shareholder
First NameLast Name
Identifying number
A Name of S corporation
B Employer identification number
C Stock block (see instructions):
D Check applicable box(es) to indicate how stock was acquired:
Other
1
Part I Shareholder Stock Basis
1 Stock basis at the beginning of the corporation's tax year
2 Basis from any capital contributions made or additional stock acquired during the tax year
3a Ordinary business income (enter losses in Part III)
b Net rental real estate income (enter losses in Part III)
c Other net rental income (enter losses in Part III)
d Interest income
e Ordinary dividends
f Royalties
g Net capital gains (enter losses in Part III)
h Net section 1231 gain (enter losses in Part III)
i Other income (enter losses in Part III)
j Excess depletion adjustment
k Tax-exempt income
l Recapture of business credits
m Other items that increase stock basis
4 Add lines 3a through 3m
5 Stock basis before distributions. Add lines 1, 2, and 4
6 Distributions (excluding dividend distributions)
Note: If line 6 is larger than line 5, subtract line 5 from line 6 and report the result as a capital gain on Form 8949 and Schedule D. See instructions.
7 Stock basis after distributions. Subtract line 6 from line 5. If the result is zero or less, enter -0-, skip lines 8 through 14, and enter -0- on line 15
8a Nondeductible expenses
b Depletion for oil and gas
c Business credits (sections 50(c)(1) and (5))
9 Add lines 8a through 8c
10 Stock basis before loss and deduction items. Subtract line 9 from line 7. If the result is zero or less, enter -0-, skip lines 11 through 14, and enter -0- on line 15
11 Allowable loss and deduction items. Enter the amount from line 47, column (c)
12 Debt basis restoration (see net increase in instructions for line 23)
13 Other items that decrease stock basis
14 Add lines 11, 12, and 13
15 Stock basis at the end of the corporation's tax year. Subtract line 14 from line 10. If the result is zero or less, enter -0-
Part II Shareholder Debt Basis
a Debt 1
b Debt 2
c Debt 3

Part II Shareholder Debt Basis Section A Amount of Debt (If more than three debts, see instructions.)

Rows	Description	(a) Debt 1 Formal note Open account	(b) Debt 2 Formal note Open account	(c) Debt 3 Formal note Open account	(d) Total
16 Loan balance at the beginning of the corporation's tax year
17 Additional loans (sea instructions) .
18 Loan balance before repayment. Add lines 16 and 17
19 Principal portion of debt repayment (this ine doesn't include interest)
20 Loan balance at the end of the corporation's tax year.Subtract line 19 from line 18

Select theme:

Rows	(a) Debt 1	(b) Debt 2	(c) Debt 3	(d) Total
21 Debt basis at the beginning of the corporation's tax year
22 Enter the amount, if any, from line 17
23 Debt basis restoration (see instructions)
24 Debt basis before repayment. Add lines 21, 22, and 23
25 Divide line 24 by line 18
26 Nontaxable debt repayment. Multiply line 25 by line 19
27 Debt basis before nondeductible expenses and losses. Subtract line 26 from line 24
28 Nondeductible expenses and oil and gas depletion deductions in excess of stock basis
29 Debt basis before losses and deductions. Subtract line 28 from line 27. If the result is zero or less, enter -0-
30 Allowable losses in excess of stock basis. Enter the amount from line 47, column (d)
31 Debt basis at the end of the corporation's tax year. Subtract line 30 from line 29. If the result is zero or less, enter -0-
32 Repayment. Enter the amount from line 19
33 Nontaxable repayments. Enter the amount from line 26
34 Reportable gain. Subtract line 33 from line 32

Rows	(a) Current year losses and deductions	(b) Carryover amounts (column (e)) from the previous year	(c) Allowable loss from stock basis	(d) Allowable loss from debt basis	(e) Carryover amounts
35 Ordinary business loss
36 Net rental real estate loss
37 Other net rental loss
38 Net capital loss.
39 Net section 1231 loss
40 Other loss.
41 Section 179 deductions
42 Charitable contributions
43 Inestment merest expansc
44 Section 59(e)(2) expenditures
45 Other deductions
46 Foreign taxes paid or accrued
47 Total loss. Add lines 35 through 46 for each column. Enter the total loss in column (c) on line 11 and enter the total loss in column (d) on line 30

Form 7203 (Rev. December 2022)S Corporation Shareholder Stock and Debt Basis Limitations

Part I Shareholder Stock Basis

Part II Shareholder Debt Basis

Part II Shareholder Debt Basis (continued)

Part III Shareholder Allowable Loss and Deduction Items