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New Member
posted Mar 17, 2020 1:20:09 PM

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"?

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2 Replies
Expert Alumni
Mar 17, 2020 1:38:55 PM

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

New Member
Mar 17, 2020 1:41:04 PM

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