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New Member
posted Mar 29, 2025 3:18:26 PM

for form K1 line 11D do I need to put a negative sign or does turbo tax know to recognize this as a loss?

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1 Replies
Expert Alumni
Mar 31, 2025 12:06:59 PM

If you are entering a Form 1120S Schedule K-1 Box 11 Code D, a Section 179 deduction is expected to be negative (deduction).

 

Form 1065 Schedule K-1 Box 11 Code D is for Mining Exploration Costs Recapture, which would normally be a positive number (reversing an expense).