162166
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Denie2
New Member

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

6 Replies

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

Is the K-1 for a partnership or an S-corporation?
Denie2
New Member

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

S-corp

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

The amount you see on Box 12, Coded R represents the amount of Employer's W-2 wages which flows to Form 8903 Domestic Production Activities Deduction. 

Normally there are other amounts related to Domestic Production Activities.  To enter these amounts, you need to indicate you have amounts reported in Box 12. Then you will enter the code and the dollar amount.  (See the screenshot below)

Denie2
New Member

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

Yes I a aware of your answer. But in the box above the R is a Q* with the letters STMT?? How do I enter these letter when your program does not let me? Thanks
Denie2
New Member

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

This is all in Box 12 and the codes are Q* STMT and then below this is code R with a figure in it?? Just very confused because I have never seen this before while doing my taxes.

On my Schedule K-1 Box 12 other deductions there is Q* STMT and under that is R with an amount. How do I enter the Q* STMT?

That means you have Box 12 Code Q information in a statement.  Once you enter code Q, on the next page you will be asked for the amount.
You probably also have information for Code P.  Once you enter Code P you will get a page titled Enter Code P Detail.
You will be asked for various information regarding oil related income & expense.  (Click on "If you have Oil Related income and expenses learn more here")

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question