Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 14, 2020 3:05:09 PM

Where to report the Statement A line items from my Schedule K-1?

0 3 724
3 Replies
Expert Alumni
Jan 14, 2020 4:15:26 PM

Please provide some more detail. Is your K-1 from a Partnership/LLC, S-Corp, or an estate/trust?

Returning Member
Feb 3, 2020 12:22:36 PM

Small Business "S" type corp.

When you enter Code V on Schedule K-1 the software asks for "Statement A". There is no Statement A to be found in TurboTax Premier. Are we waiting for an IRS update?

Expert Alumni
Feb 4, 2020 12:12:10 PM

No,  the statement A information should be attached to the K-1 you received.

The information on the statement is to report the various items of income and wages to calculate the Qualified Business Deduction.

 

If you did not receive a Statement A with your K-1 for the S-Corp you need to have that information to finishing filling your personal return.