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

Sch K-1

Brian S
Level 1

Hello,

My question regards a Schedule K-1 (Form 1120-S) entry on line 17. The letter code is AC with a reference to Section 448 (C). There are numbers for gross receipts for the current year and 3 prior years. Is this just information or do these numbers have to be entered into a tax form?

Thanks,

Brian Schultz

Labels (1)
0 Cheers
Reply
1 Solution

Accepted Solutions
sm965897
Employee
Employee

This information may be required for the shareholder to correctly complete Form 8990, Limitation on Business Interest Expense. More information can be found in the government instructions for Form 8990. 

View solution in original post

0 Cheers
Reply
1 Reply 1
sm965897
Employee
Employee

This information may be required for the shareholder to correctly complete Form 8990, Limitation on Business Interest Expense. More information can be found in the government instructions for Form 8990. 

View solution in original post

0 Cheers
Reply