TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Solved

K-1 line 17 code V has "stmt"

Forum|Forum|6 years ago
March 1, 2020
1 reply
5 views

I have a problem arising from QBI -k-1 that has V* code and "Stmt" instead of amount: followed the instructions to enter 0 and v-code, everything fine till I ran the check on my federal return, this check continues to fail because of 0 in the amount next to V code.

how do I pass the check?

Thanks

Best answer by Anonymous_

I did, V code amount has amount next to it, then 2 screen later I have selected UBIA and put the specified amount. then when I run a federal check it keeps showing this amount whether it is zero or UBIA amount as error. I even tried to e-file with this error and transmission failed due to the error. Thanks

@gfishler I cannot explain that behavior since, in the test return I have entered, I get no errors and can proceed all the way through to e-file.

Perhaps you should contact Support (link below).

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

Level 15

You should have received a statement with a figure (or figures) along with your K-1. Use that statement to enter a figure on Line 17 with a V code.

If you actually have a zero on your statement, clear the zero from Line 17 with the V code and do not select the V code from the dropdown list.

Level 2

statement contains only UBIA of certain amount, should I put that amount next to the V -code or delete the code completely?

Thanks

Level 15

@gfishler Enter the amount. You will later be presented with a screen specific to that entry.