No. You should have a statement that provides the amounts for Box 17. This would have been provided with the K1. Review your documents and if necessary contact the person or agency that provided you with the K1.
- Form 1120S-K1 Instructions (page 16)
- Code V. Section 199A information. Generally, you may be allowed a deduction of up to 20% of your net qualified business income (QBI) plus 20% of your qualified REIT dividends, also known as section 199A dividends, and qualified publicly traded partnership (PTP) income from your S corporation. The S corporation will provide the information you need to figure your deduction.
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