What should I do if I didn't receive a Statement A with my K-1?

Forum|Forum|5 years ago
March 26, 2021
4 replies
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TurboTax Premier Online

Anonymous_

Level 15

Contac the individual or firm responsible for preparing the entity's income tax return.

Irene2805

Level 15

Statement A contains information to calculate the Qualified Business Income Deduction. If you have entries in Box 20 of a partnership K-1 with Code Z or Box 17V for an S-Corp K-1, you will have to figure out where to enter the information on the screen We need some information about your 199A income. Most of it will flow right from the K-1 -- perhaps the entity who issued the K-1 felt no additional explanation was needed.

dwhall20Author

Level 2

I reached out and they don't have a statement A to provide. Where TT asks for info from the statement A do I just put in the amount from box 20Z? Also, when filling out the k-1 questions there is a section for entering the sale information, isn't this info already captured in my 1099-B?