Note that the information from 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 applies to your situation, you may omit Code AJ from your K-1 entries.
The entry for Form 1065 Schedule K-1 Box 20 Code AJ is being revised. You may sign up to be notified of updates here: Why am I receiving an error in TurboTax for Schedule K-1 Box 20 when code AJ is selected? It's uncertain if this update will include Form 1120S K-1 Box 17 Code AJ.
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