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March 25, 2020
Question

Schedule K-1 1120-S box 17 code V. I have rental income and unadjusted basis of assets numbers for 10 properties. How do I come up with the number for this box?

  • March 25, 2020
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Employee
March 25, 2020

"How do I come up with the number for this box?"

 

You should have received a separate statement with details with respect to that code. If not, contact the person (or firm) responsible for preparing the income tax return for the S corporation.