JamesG1
Expert Alumni

Get your taxes done using TurboTax

The preparer of the Schedule K-1 should provide section 199A information to compute the qualifying business income deduction for the entity income.  This statement is commonly called Statement A.

 

2023 Shareholder’s Instructions for Schedule K-1 Form 1120S page 17 states:

 

The S corporation will provide the information you need to figure your deduction.

 

Statement A information is entered at the screen We need some information about your 1099A income.

 

 

 

@Abandur1 

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