What amount do I enter on line 17 of form 1120-s if I have multiple sheets for disposition of section 179 property?

What amount do I enter on line 17 of form 1120-s for code K if I have multiple sheets for disposition of section 179 property? The form says STMT and I have several code K section 179 property sheets.

481

Expert Alumni

Mar 10, 2020 2:07:36 PM

In TurboTax, when you enter your K-1 check that you have a box 17 and then enter the code K on the box 17 screen. The following screens will ask for the information from your sheets. First you are asked if you have installment sales, and then you are asked about complete dispositions.

After you enter your first one of each category (installment or complete), you will get a summary screen that allows you to Add the additional dispositions reported on each of the sheets.

Here is a screenshot of that summary screen your should see after you enter your first complete disposition:

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What amount do I enter on line 17 of form 1120-s if I have multiple sheets for disposition of section 179 property?