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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.
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March 14, 2024
1:34 PM