PatriciaV
Expert Alumni

Get your taxes done using TurboTax

The recent updates for Schedule K-1 entry removed the additional information section for most boxes and codes. Unless you are using TurboTax for Desktop and can access Forms Mode, there is no option for entering the supplemental information for these codes.

 

We are not expecting any further updates for K-1 entry before the tax filing date.

 

Please be aware that Code AJ is for Excess Business Losses, which would be used only if your net losses from all businesses are more than $289,000 ($578,000 if filing a joint return). If this doesn't apply to your tax situation, you may completely omit Box 20 Code AJ.

 

@HiyaFred2 

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