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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?

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sjrcpa
Level 15

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


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