May 31, 2019 · What does "box 17 "State income tax" refer to ... how much tax I have already paid? Box17 on the W-2 is the amount of state tax that the employer has withheld and sent to the state - the amount of state tax that you have paid during the year.

Apr 3, 2023 · For Schedule K-1 Box 17 Code AC, you can enter the total of the three years. According to IRS Instructions for Form 1120S Schedule K-1 Box 17 Code AC: "Use the gross receipts amount to figure the business interest expense you can deduct, if applicable. See section 163(j) and the Instructions for Form 8990 for details."

Jan 15, 2020 · If your 1099-INT form has a state entered in Box 15 and/or Box 16 has a state identification number, enter $0 in box 17, State tax withheld. If your 1099-INT form does not have a state entered in Box 15 and/or Box 16 does not have a state identification number, but TurboTax is showing entries in Box 15 and/or 16, delete those entries to make ...

Feb 13, 2020 · This screen must be completed in order for your box 17 code V information to be correctly input into TurboTax. To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search " icon on the top row, enter " k-1 " in the search window and press return or enter, and then click on the " Jump to k-1 " link ...

K1 Box 17 code /AJ ‎October 13, 2024 1:05 PM. 0 4,262 Reply. Bookmark Icon. Mike9241. Level 15 Mark as ...

Mar 21, 2024 · Working through the Schedule K-1 entry screens, check the box for Box 17. Continue to the page to Enter Box 17 Info. Choose AJ - Excess business loss limitation from the drop down. Do not enter an amount here. Continue to the page to Enter Other Information Detail.

Feb 20, 2025 · If box 17 is empty, leave boxes 15,16 and 17 empty. **Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"

Mar 6, 2024 · At the screen Enter Box 17 info, you will enter code V Section 199A information. Enter no dollar value. Click Continue. At the screen We need some information about your 199A income, you will need the following information: Ordinary business income (loss) from this business, You may need the following information: W-2 wages for this business, and

Jun 1, 2019 · Box 17 has UT followed by 9 numbers, and no 'WTH', which TT says it needs. Box 18 is not blank (it matches the amount in Box 7), but Box 16 (the state tax withheld) is $0.00. Based on the answer from TurboTaxDawnC, above, it sounds like I can just clear Boxes 16-18 since Box 16 indicates no state tax was withheld.

Mar 5, 2020 · The S-Corporation reports this information on the Schedule K-1 (Form 1120S) in Box 17, Code V through Z. It is this information from Box 17 of the Schedule K-1 (Form 1120S) that should be used by the Shareholder to calculate any 199A Deduction on their individual return. The Box 17 information that is used in the QBID calculation is the following: