nraines
Level 1
06-05-2020
01:40 PM
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My client has excess taxable income (K-1 Line 17AA) and excess business interest income (K-1 Line 17AB) from an S corporation. I would expect these amounts to transfer to his Form 8990 Schedule B - Summary of S Corporation Shareholder’s Excess Taxable Income and Excess Business Interest Income, but nothing is populating. I can't find any override or adjustment input area in Screen 20.2 S Corporation Information or Screen 88 Limitation on Business Interest Expense. Any ideas?
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