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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.
May 1, 2020
11:23 AM