Schedule K-1 1120s section 17 Ive always had "statement" there and an added back page for my deductions, thats not working this time, any advice?

[Gordon-Wilson]

im trying to fix my K-1 1120s. column 17. normally V-see stmt for my business deductions. this year V is 199 my deduction amount is there but apparently this is added income now?

[JamesG1]

The Code V entries are used to compute the Qualified Business Income Deduction (section 199A information).  You are allowed a deduction of up to 20% of your qualified business income as a deduction on line 13a of your Federal 1040 tax return.

The Code V amounts are used to compute the section 199A deduction.  Follow these steps:

• In the K-1 entry screens, at the screen Enter Box 17 Info, select V-Section 199A information.  Leave Amount empty.  Click Continue.  This tells the software that Section 199A information will need to be entered for the income previously reported.
• At the screen We see you have Section 199A income, select the appropriate income description.  Click How would I know this? for more information.
• At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1.  Click Continue.

[Mike9241]

for 17V enter only the 199A income or loss shown for that line.  That will prompt TurboTax to ask for all the 199A information later to compute the 199A deduction on Form 8995. 17V should not add to your income