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myh10307
Returning Member

In schedule k-1 box 17 s-corp, I can't put code V

I am using Turbotax business for my S-corp business, while I am working on schedule k-1 box 17, I found I can't input code V and value. If I tried to put code V, it shows something like this

V *   STMT ___________.  and even though I put the value into the box, it goes away. I have tried to put V, W, X,  W, and X are still there with value, but value with V goes away. How can I put value with code V. and One more question, Laster I did tax report by CPA, this is my first year doing this myself. When I am working with schedule k-1, there is no value on box 15 code A(AMT items). I have started my business from 2017 and from that time, I hade some value on box 15 A. But, not with turbotax this time. I am worried about if I am doing anything wrong.

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1 Reply

In schedule k-1 box 17 s-corp, I can't put code V

I posted an answer in a couple of your other posts, but I suspect you might need to consult with your CPA, particularly with respect to the AMT adjustment.

 

Also, as I suggested in the other threads, you might want to start reading the instructions starting on page 37 at this link --> https://www.irs.gov/pub/irs-pdf/i1120s.pdf

 

Code V is relevant but the others are not; they are now "reserved" for 2019.

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