topic How to Change Schedule K-1 Box 13 code for form 8881? in Business & farm

How to Change Schedule K-1 Box 13 code for form 8881?

Juliatse2 — Sat, 01 Feb 2025 02:24:41 GMT

Hello,

Can anyone help on how to change the box 13 code (credit) on schedule K-1? Currently showed AF code and I need to change to P with from 8881. I am using Turbo Tax business for S-Corp, and I go to for form and trying to change it, it is not allow me to change. Thank you.

Re: How to Change Schedule K-1 Box 13 code for form 8881?

PatriciaV — Mon, 03 Feb 2025 16:11:32 GMT

On Form 1120S p3-5, Line 13A shows Code AF when you have Small Employer Auto Enrollment Credits entered on Form 8881 Part II. This coding is confirmed in the Shareholders Instructions for Schedule K-1 (Form 1120S) for Line 13 Code AF.

Code P is for unused investment credits for coal or gas. Form 8881 is not used to report this investment credit.

Re: How to Change Schedule K-1 Box 13 code for form 8881?

Juliatse2 — Mon, 03 Feb 2025 16:16:36 GMT

OK, thank you! ChatGPT said code should be P, so it is wrong. Thank you for your help!