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posted Jun 3, 2019 10:53:52 AM

Do I need to complete form 199A?

My wife's business accountant says to make sure we complete form 199A to lower our tax bill. We have the K-1 he gave us for the S-corporation, but I find no form 199A anywhere in my return that I have completed with Turbo Tax. Review tool found no errors. Any advice?

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1 Best answer
Level 13
Jun 3, 2019 10:53:53 AM

There is no separate form for the Section 199A deduction.

If you input the information from the K-1 into the software, it should appropriately compute this for you.  The deduction is reported on line 9 of form 1040.  The computation is handled in a worksheet.

1 Replies
Level 13
Jun 3, 2019 10:53:53 AM

There is no separate form for the Section 199A deduction.

If you input the information from the K-1 into the software, it should appropriately compute this for you.  The deduction is reported on line 9 of form 1040.  The computation is handled in a worksheet.