Follow these directions to report Section 199A income for your S corporation K-1.
- At the screen Enter Box 17 info, you likely need to select code V Section 199A information. No value needs to be entered.
- Click Continue.
- At the screen We need some information about your 199A income, you may need to enter some or all of the following information:
- Ordinary business income (loss) from this business,
- W-2 wages for this business, and
- UBIA of qualified property for this business.
Materials accompanying your K-1 may include a Statement A which reports the Section 199A items that need to be calculated.
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