Question
K-1 export does not include Code S
If you know why the S Corp K-1, Box 12 code S Short Term Loss from Form 4684 does not export to the 1040, please share. Thank you! In any case I will enter it manually.
Edit: The coding of the stolen equipment as income-producing property is how Code S comes about. I corrected it to ToB and the loss gets included in Box 1.
Interesting!
