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You have to enter the rest of the information in Forms Mode directly on the K-1.
So is the guidance about "We need some information about your 199A income or loss screen" outdated?
Also, in filling in the K-1 information, Turbotax asks if "Section B1 (Qualified Business Income Deduction)" of K-1 has an amount filled in. There is no Section B1 in the Form K-1. Is this box intended to trigger the Form to complete the Statement A - QBI Pass-through entity reporting info?
I answered under the assumption that you were using TurboTax Business.
Exactly which product are you using?
Correct. I am using the TurboTax Business software.
I should also have asked which type of return are you preparing.
I do not get a prompt when entering a K-1 (1065) during the course of preparing a 1041, for example. Also, unless I make a distribution, Statement A does not appear to be generated.
Note that you can enter your figures directly on Statement A.
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