[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-3232":3},{"rec_id":4,"title":5,"text":6},"3232","What do the codes mean in Box 12 of the K-1 for S Corporations?","\u003Cb>Other deductions\u003C/b>\u003Cbr>\nA: Cash contributions (60%)\u003Cbr>\nB: Cash contributions (30%)\u003Cbr>\nC: Noncash contributions (50%)\u003Cbr>\nD: Noncash contributions (30%)\u003Cbr>\nE: Capital gain property to a 50% organization (30%)\u003Cbr>\nF: Capital gain property (20%)\u003Cbr>\nG: Contributions (100%)\u003Cbr>\nH: Investment interest expense\u003Cbr>\nI: Deductions--royalty income \u003Cbr>\nJ: Section 59(e)(2) expenditures*\u003Cbr>\nL: Deductions--portfolio (other)\u003Cbr>\nM: Preproductive period expenses\u003Cbr>\nO: Reforestation expense deduction\u003Cbr>\nW: Soil and water conservation\u003Cbr>\nX: Film, television, theatrical, and sound recording production expenditures\u003Cbr>\nY: Expenditures for removal of barriers\u003Cbr>\nZ: \u003Ca href=\"/freefile2025/answers?faq=3084\">Itemized deductions\u003C/a>\u003Cbr>\nAA: Contributions to a capital construction fund (CCF) \u003Cbr>\nAB: Penalty on early withdrawal of savings\u003Cbr>\nAC: Interest expense allocated to debt-financed distributions\u003Cbr>\nZZ: Other Deductions - The corporation should give you a description and of the amount of your share for each of these items. \n\u003Cbr>\u003Cbr>\nAll other codes are reserved by the IRS for future use.\n\u003Cbr>\u003Cbr>\n*Not supported* Some codes require additional forms or adjustments that aren't currently supported by FreeTaxUSA. In this case, you may need to file another way.\n\u003Cbr> \u003Cbr>\nSee the \u003Ca href=\"https://www.freetaxusa.com/taxes2025/formdownload?sid=19&form=i1120ssk.pdf\" target=\"_blank\">Schedule K-1 (Form 1120-S) instructions\u003Cspan class=\"append_pdf\"> \u003C/span>\u003C/a> for more info about these codes.\n\u003Cbr> \u003Cbr>\n\u003Ca href=\"/freefile2025/answers?faq=11711\">What if the boxes on my K-1 don't match?\u003C/a>",1777391553522]