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