I am inputting my K-1 statement and have a Section 199A for K-1,Box 17, Code V. The statement has 2 columns for two separate entities. How can I enter more than 1 column?

[Anonymous]

create a second k-1 and just enter the 199A info

[DavidS127]

Note that when you enter each K-1 as recommended by  Community user HACKITOFF, you'll encounter the question "Is the business that generated the Section 199-A income a separate business owned by the trust?" screen. TurboTax is asking if the Section 199-A income was passed through to the "main" S Corp sending you the K-1 by another legal entity; versus being generated by the business operations of the S Corp that sent you the K-1.  If the separate entities on your Section 199A statement are separate legal entities (separate EIN), on one of the K-1s you enter you will answer that it is from the S Corp, and on the others you will enter that it is from a pass-through entity.  TurboTax will ask for the name and EIN of each pass-through entity.

Enter one K-1 with only the "box" amounts generated by the S Corp itself, and additional K-1s with only the "box" amounts generated by each pass-through entity.  The total each numbered box for your separate K-1 forms must equal the total for that box on the K-1 you actually received.  For example, all box 1 amounts on the separate K-1s should add up to the box 1 amount for the actual K-1 you received.

For all these K-1s you enter for the "split", in the first part of the K-1 entry use the same identifying information for the "main" S Corp that sent you the K-1 (e.g., name of trust, address, EIN, etc).

If you can't figure (deduce) that "split" from the information you have, you will need to contact the preparer of the K-1 to get those amounts.

[Anonymous]

The columns in Statement A don't include anything from box 16 (items affecting shareholder basis).  When I create the 2 separate K1s, how do I handle this?  Do I enter the values from Box 16 into the first K1 and nothing on the second K1?

[DavidS127]

Yes, because these box 16 amounts relate to your basis in the "main" entity, you can put the box 16 amount on the "first" K-1 for the "main entity" (versus the "second" K-1 for the passthrough entity).

The Statement A (or Section 199A Statement or STMT) includes only amounts that relate to Qualified Business Income (QBI), and don't necessarily correlate to every box (or even any box) on the K-1.