It depends. Schedule K-1 Box 17 Code K reports dispositions of property with Section 179 deductions. Generally, this activity will have additional information provided on a supplemental sheet with the K-1. Do you have any entries that reference a Section 179 deduction? The other possibility is that the K-1 was marked final or that you checked the box to indicate the S-Corp ended.
If you are unable to resolve this message by reviewing your entries for this K-1, your best option is to delete it from the list of available K-1s, then enter it again. You'll find this list under Wages & Income >> Business Items >> Schedules K-1 >> Edit/Update. Choose the S-Corp K-1 topic, then click Delete beside the K-1 you need to remove.
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