ThomasM125
Expert Alumni

Business & farm

Unless there is a code letter with an amount listed next to it, it is not possible for Intuit to know how to process the information listed in your box 17 on your K-1 schedule.

 

From what you describe, most likely your entry in box 17 refers to code "K" (dissolution of property with section 179) or code "L" (recapture of section 179 depreciation). If you enter "K" and an amount, later on you will be asked to enter the sales proceeds, cost, date acquired - the information you mention. If you see an amount for section 179 recapture you can enter that for code "L". 

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