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Level 2
March 17, 2020
Question

S-Corp - K-1- box 17, "AC" says see stmt. Statement lists "adjustable tax income...$XX". Is this the number I enter in box 17 next to "AC"?

  • March 17, 2020
  • 1 reply
  • 13 views
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1 reply

Level 15
March 17, 2020

Yes, you enter the amount on the statement in box 17 with code AC.

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rkmuraAuthor
Level 2
March 17, 2020

there is no number on the k-1 box 17 next to AC.  On the statement it says "adjustable taxable income" with a number.