Get your taxes done using TurboTax

sorry but Turbotax does not do the calculations/forms that these numbers may require. so don't even bother to enter them in the k-1 worksheet

 this is what K-1 instructions say

 

Code AC. Gross receipts for section 448(c). Use the gross receipts amount to figure the business interest expense you can deduct, if applicable. See section 163(j) and the Instructions for Form 8990 for details.

Code AJ. Excess business loss limitation. If the corporation has deductions attributable to a business activity, it will provide a statement showing the aggregate gross income or gain and the aggregate deductions from the business activity that you need to figure any excess business loss limitation. See section 461(l) and the Instructions for Form 461 for details.

 

https://www.irs.gov/forms-pubs/about-form-461 

https://www.irs.gov/site-index-search?search=8990&field_pup_historical_1=1&field_pup_historical=1 

check the who must file part of the instructions

 

if you need to file either or both forms, your return will have to be mailed

 

 

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