Question
HOW TO GENERATE BOX 17, CODE AJ AMOUNT for S corp k-1
How do I generate an amount in Box 17, for Code AJ for an 1120S return? The S corp has gross income, but the deductions are more than the income. I would have thought the statement would be produced automatically. Is there a reason that the Box 17 Code AJ for Excess business loss limitation is not showing on the shareholder K-1?
