Deductions & credits

On your K-1 (1065), there should be an entry on Line 20 with a "Z" code.

 

On your K-1 (1120-S), there should be an entry on Line 17 with a "V" code.

 

If both of the foregoing are true, then you simply need to select the line (and code from the dropdown box); the program will prompt you to enter relevant information in subsequent screens.

 

 

View solution in original post