turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

K-1 Box 17 code V does not go to 199A income screen

Hi:

I am working on a 2025 return K-1 form with *STMT in box 17 using Turbotax Business edition.  In past years, I have selected code V in box 17 and left the amount blank per posts I saw.  The next screen was for 199A income.  This year, I am taken to "Other Situations" screen.   I.e. Turbotax thinks it is done, but I never got a chance to enter QBI Income or Wages. 

Everything I google tells me to do it the way it worked last year, but that is not working now.  HELP!

 

Terry 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
Karis_F
Expert Alumni

K-1 Box 17 code V does not go to 199A income screen

After entering Code V in Box 17 from your Schedule K-1 (1120-S) in TurboTax, you will see the Other Situations screen. Check any box that applies (i.e., All of my investment in this activity is at risk).

 

Click Continue and the next screen will be for Section 199A Income.

 

You will indicate where the income is from (usually the S Corp that generated the K-1). 

 

On the following screen, check the boxes beside the income or loss items from your K-1's supplemental Statement A (199A information) and enter the amounts.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

K-1 Box 17 code V does not go to 199A income screen

I have two items listed on my Section 199A: Code V

Net Retal real estate income:

Qualified Property:

K-1 Box 17 code V does not go to 199A income screen

Thanks, had to go forward to screens to enter the data.

Terry

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question