K-1 box 17,code V, lists 3 items/numbers in a statement.In turbotax,I can write the numbers, but no comments. What should I do with this part of box 17?

For IRS Schedule K-1 (1120S), at the screen Enter Box 17 info, select code V Section 199A information.  A value does not have to be entered.

 

Then click Continue.

 

At the screen We need some information about your 199A income, click the box to the left of the item to be entered.  An entry box will open.  You may be entering:

 

• Ordinary business income (loss) from this business,
• W-2 wages for this business, and
• UBIA of qualified property for this business.

Enter these values for the qualified business income deduction to be calculated.

you can leave 17v blank. Turbotax doesn't use it. later on it will ask about 199A/QBI information  (does your k-1 have a code in17 v > yes) for which there can be multiple items 

1) income/ loss (always present; the others aren't)

2) 1231 gain

3) 179 deduction

4) other deductions

5) w-2 wages 

6) UBIA 

7)reit dividends

 

only enter for those items present in 17V or an attached statement  

 

That worked; thanks!

That worked, thanks!