OMB control number
S Corporation Shareholder Stock and Debt Basis Limitations
OMB 1545-2302 · TREAS/IRS.
OMB 1545-2302
Internal Revenue Code (IRC) Section 1366 determines the shareholder’s tax liability from an S corporation. IRC Section 1367 details the adjustments to basis including the increase and decrease in basis, income items included in basis, the basis of indebtedness, and the basis of inherited stock. Form 7203 is used by S corporation shareholders to figure potential limitations of their share of the S corporation’s deductions, credits, and other items that can be deducted on the shareholder’s tax return.
The latest form for S Corporation Shareholder Stock and Debt Basis Limitations expires 2028-09-30 and is listed under ICR 202504-1545-002.
Latest Forms, Documents, and Supporting Material
| Document | Type |
|---|---|
 Form 7203 S Corporation Shareholder Stock and Debt Basis Limitations | Form |
| Form 7203 Form 7203 | Form |
 1545-2302 Supporting Statement.docx | Supporting Statement A |
| 1545-2302 Supporting Statement.docx | Supporting Statement A |
 Form 7203 |
Form |
| Form 7203 |
Form |
| Form 7203 |
Instruction |
All Historical Document Collections
| Reference | Filing | Received | Concluded | Action |
|---|---|---|---|---|
| 202504-1545-002 | Extension without change of a currently approved collection | 2025-08-01 | ||
| 202201-1545-038 | Extension without change of a currently approved collection | 2022-04-27 | Approved without change | |
| 202110-1545-015 | New collection (Request for a new OMB Control Number) | 2021-12-20 | Approved without change |