sftech
New Member

Get your taxes done using TurboTax

For those that are stuck with:
A K-1 with a Loss

A Box 17 with Code V and STMT

An error message "There is no income on statement A"

 

The answer!
You need to fill in the information on statement A, which is actually page 6 of your K-1 in TT.

To get there, go to forms mode and select the relevant K-1
Scroll down about halfway to "Section D1"
It's the "Statement A!"

Enter the information from your K-1 Statement A here, and that should get you out of TT error check jail!

Good Luck!