Form 1120S Schedule K Line 17 Code AJ

[jleblanc]

How do I enter the amounts for Code AG below in turbo tax? 

Aggregated Gross Income 

Aggregated Deductions 

[Mike9241]

did your k-1 show a net business loss? if not you can ignore those two items

***************************************************** 

Code AJ. Excess business loss limitation. If the
corporation has deductions attributable to a business
activity, it will provide a statement showing the aggregate
gross income or gain and the aggregate deductions from
the business activity that you need to figure any excess
business loss limitation. See section 461(l) and the
Instructions for Form 461 for details.

*****************************************

Turbotax does not do this computation if needed nor does it have form 461

however, under code section 461 certain taxpayers can ignore this

see this IRS webpage, the instructions for 461 on who must file

https://www.irs.gov/forms-pubs/about-form-461