I'm a minority shareholder in an S corporation and my K-1 i1120s includes line 17 code V as STMT not an amount. This earlier answer says to leave the amount blank and TurboTax will ask follow-up questions to get the needed info (income, 179, w-2, basis):
When does this happen?
I enter an amount for code K (179 depreciataion) and add V but leave it blank, then click Continue.
I'm asked questions about the code K, Continue
It says I'll need to fill out form 7203.
Has it skipped asking about the code V forever, or will it get back to it eventually?
The Section 199A questions follow the entries for Schedule K-1 boxes. Continue through the interview to the page "We see you have Section 199A income." Complete this page and those that follow. You aren't finished entering the K-1 until TurboTax takes you back to the list of K-1's in your return.
The screens that follow the box entries are:
The Section 199A questions follow the entries for Schedule K-1 boxes. Continue through the interview to the page "We see you have Section 199A income." Complete this page and those that follow. You aren't finished entering the K-1 until TurboTax takes you back to the list of K-1's in your return.
The screens that follow the box entries are: