For code V in box 17 of a Schedule K-1 (Form 1120-S) from an s corp, you must answer additional questions regarding the Section 199A amounts. Failure to provide any of those Section 199A entries will result in TurboTax flagging code V with an error. Be sure to go back through the entry of this Schedule K-1 and make the necessary entries on the We need some information about your 199A income page.
