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How do I enter STMT info for 1120S K-1 Box 17 Code V?
I am the sole owner of an S-Corp that has been in operation for years and continues to be. I mention this to header of the wrong answer to the same question that I noticed in a different posting.
One of my K-1 entries is code V. Instead of an amount, it just says "STMT." I believe this is referring to its attached "Statement A - QBI Pass-through Entity Reporting." That statement has 2 lines populated, like this:
Ordinary business income (loss) $100
W-2 Wages $101
In Turbotax personal (online), there are several dropdowns for entering box 17 info. For example, there is A - Investment Income, B - Investment Expense, etc., all the way down to ZZ - Other Information. The problem is that none of these dropdown choices for under "Enter Code" on the "Enter Box 17 Info" page is Ordinary business income (loss) or W-2 Wages. How to I enter these?
As an aside, I looked at last year's return. I think I failed to enter these items in prior years. Also, for the version below, there was no option for "Premium," so I chose "I don't know."