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    1120S K-1 line 17AC

    2msmokehouse
    Level 1
    How do I delete the amount on line 17 code AC? when it gets put in the individual's tax return it is getting self employment taxed and that is incorrect.
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    2 Comments 2
    abctax55
    Level 15

    Check out the new IRS codes, for 2020.  They are buried deep in the instructions, page 23-24-25?

    HumanKind... Be Both
    sjrcpa
    Level 15

    Don't enter it on the SE line in the individual return.


    The more I know the more I don’t know.