tccpg289
Level 4
03-10-2023
05:36 PM
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Taxpayer X is 100% owner of an S-Corporation. Currently, in ProConnect, there is an amount populating on the K-1, Box 17 code AC.
Based on my understanding of 163(j), since the S-Corp and the partner are not subject to this limitation, how is printing suppressed? Is there any taxable income consideration with printing vs. suppressing this amount?
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