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H
hharkenrider
Level 1
December 22, 2021
Question

Entering S corp K-1 Box 17 Code K & V

  • December 22, 2021
  • 1 reply
  • 1 view

I have a dissolved S corporation for 2019 and need to  have depreciation recaptured and reported as ordinary income for the assets that were transferred to the shareholders.  I am not able to see this how to do this using ProConnect.  All help is appreciated.  The only article I have been able to find was for Lacerte

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1 reply

George4Tacks
George4Tacks
Level 15
December 23, 2021

17 k should have a layout that you would enter as a disposition of asset Look at the Shareholder Instructions

V is entered in the 199A section - see image

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