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 is showing SE income?

tibald
Level 1
 
0 Cheers

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

4 Comments 4
sjrcpa
Level 15

No it doesn't. Look at the K-1 codes in the instructions. The field for that in individual module is wrong. Has been discussed here but since the search function sucks I can't find it.


Ex-AllStar
Carol65
Level 3

 I think this will take you to the thread where it was discussed earlier.  -https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/re-why-is-the-gross-incom...

JoelM
Level 1

Gush 1120 S K1 Line 17 AC? what is up with this?  this is wrong and still not resolved. Customer service is not responding at All?  is anyone know how to clarify.

 

0 Cheers
sjrcpa
Level 15

The K-1 is correct.

Don't enter it in the 1040 as SE income.


Ex-AllStar