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Level 1
posted Feb 24, 2020 5:23:16 PM

K-1 Box 17 has a code V with "Stmt" next to it that corresponds to 3 different line items. How to input these in correctly?

The 3 items in the statement section are:

Ordinary income(loss) - $X

W-2 Wages - $Y

Unadjusted Basis - $Z

 

Questions:

1. (Screenshot #1) On the screen that says "Enter Box 17 Info", do I select "V - Section 199A information" for 3 of the rows and then the $ amount next to each? 

2. (Screenshot #2) On the screen a few ones later "We need some information about your 199A income or loss.", there isn't a selection for Unadjusted Basis. Where should I input this value?

 

Would greatly appreciate any help here as I'm concerned the numbers aren't being properly inputted. Thank you!

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1 Best answer
Expert Alumni
Feb 24, 2020 6:48:32 PM

 I think they are referring to the Unadjusted Basis Immediately after Acquisition (UBIA).  You do have a selection for this in your return.

1 Replies
Expert Alumni
Feb 24, 2020 6:48:32 PM

 I think they are referring to the Unadjusted Basis Immediately after Acquisition (UBIA).  You do have a selection for this in your return.