My K-1 includes box 17 with code V, but when I select box 17 my only options in the dropdown menu are A, B, C, D, E, & F. There isn't an option for V required to report Qualified Income. When searching all indications are that there should be an option "V" so I deleted and reentered to see if there was an error. Same result...
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Did you pick the right K-1 entry screen ? There were 3 to choose from ...
To enter a K-1 go to
Federal Taxes Tab ( Personal in the H&B versions )
Wages and Income
Choose Explore on my own or I'll choose what to work on (if it comes up)
Then scroll way down to Business Items
S-corps, Partnerships, and Trusts. Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
17V - 199A info requires an S-corp K-1.
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