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Business & farm
The information from Schedule K-1 Box 17 Code AJ will 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 you, and updating TurboTax doesn't resolve this Review message, you may leave the Box 17 Code AJ box(es) blank.
See also:
- IRS Instructions for Form 1120S Schedule K-1 Box 17 Code AJ
- IRS Instructions for Form 461 - Limitations on Business Losses
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‎February 25, 2024
1:41 PM