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Juliatse2
New Member

How to Change Schedule K-1 Box 13 code for form 8881?

Hello, 

Can anyone help on how to change the box 13 code (credit) on schedule K-1?  Currently showed AF code and I need to change to P with from 8881.  I am using Turbo Tax business for S-Corp, and I go to for form and trying to change it, it is not allow me to change.  Thank you.

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2 Replies
PatriciaV
Employee Tax Expert

How to Change Schedule K-1 Box 13 code for form 8881?

On Form 1120S p3-5, Line 13A shows Code AF when you have Small Employer Auto Enrollment Credits entered on Form 8881 Part II. This coding is confirmed in the Shareholders Instructions for Schedule K-1 (Form 1120S) for Line 13 Code AF.

 

Code P is for unused investment credits for coal or gas. Form 8881 is not used to report this investment credit.

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Juliatse2
New Member

How to Change Schedule K-1 Box 13 code for form 8881?

OK, thank you!  ChatGPT said code should be P, so it is wrong.  Thank you for your help!

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