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How to enter information in Turbotax for Schedule K-1 Form 1120-S for Box 17V?
The statement for Section 199A Items (Box 17 Code V includes three lines (NOT columns), with a number after each line's name. The lines are "Ordinary Income (Loss)," "W-2 Wages," and "Unadjusted Basis." I am a PASSIVE investor, and the "Ordinary Income" is NOT a loss.
Whether I enter any number in Turbotax for 17V or leave it blank, the Turbotax check or smartcheck shows an error for 17V. WHAT MUST I DO TO ELIMINATE THAT ERROR??
‎April 8, 2025
1:02 PM