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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!
‎April 14, 2023
5:40 PM