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

1065 K1 line 17

yeriromi
Level 2

My client get a K-1 from a partnership with box 17 code B amount: -3306.  However there is not that option to enter in form 1040 income 1065 K-1 line 17.  How can I report that amount?

0 Cheers

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

2 Comments 2
Mohamed
Level 3

Hope this can help:

 

Alternative Minimum Tax (AMT)

Line 17A - Post-1986 Depreciation Adjustment - This amount represents the taxpayer's post-1986 depreciation adjustment. This amount will automatically pull to line 2l of Form 6251.

 

Also, if you use Proseries for both partnership and individual, try to import K1 directly instead of manually enter it. 

0 Cheers
JimmyG90
Level 1

If you look beyond the box selections in box 17, you'll see an entire section dedicated to line 17 B. Hope this helps. Cheers.