Re: K-1 1120S Disposition of shares error
Expert Alumni

Business & farm

Code "K" in box 17 of schedule K-1 would indicate that you disposed of business property that had section 179 depreciation associated with it. I suggest you go back through your schedule K-1 entry and see if you checked code "K" in box 17, and if so you should delete it if it doesn't apply to you.

 

If you do that and still have the same problem, or you didn't choose the code "K" option, then you should delete the K-1 schedule and re-enter it.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
This widget could not be displayed.
Privacy Settings