Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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.
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

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.