K-1 (Form 1120-S) unadjusted basis in Section 199A Box 17 Code V

[redhakamal67]

I received the K-1 (Form 1120-S) this year and I found that there is an amount in for unadjusted basis in Section 199A Box 17 Code V but I couldn't find out where should I enter this amount in the TurboTax premier  

[JamesG1]

Your S corporation 1120S income may qualify for the Qualified Business Income Deduction.  See this TurboTax Help.  Follow these directions to report 199A income from your S corporation 1120S K-1. 

• At the screen Enter Box 17 info, you likely need to select V Section 199A information.  I enter the Box 1 value.
• Click Continue.
• At the screen We need some information about your 199A income, you will likely need to enter the following information:

1. Ordinary business income (loss) from this business,
2. W-2 wages for this business, and
3. UBI of qualified property for this business.

Enter these values for the Qualified Business Income Deduction to be calculated.

The Qualified Business Income Deduction was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025.