Continue through the K-1 interview after you have entered your value for box 17 code V. There are screens after the box 17 code V entry that you must complete.
The "medical expenses paid for shareholder" should be for health insurance was paid by you or by the S Corp for you and added to your W-2 income, and is used for your self-employment health insurance deduction. On the screen "Other Situations" select the box "I personally paid for health insurance...." and on the next page enter the Statement A amount for health insurance in the box. If any medical expense amount was for long term care insurance, the next screen is for that.
Next, there is a screen titled "We need some more information about your 199A income or loss". This screen must be completed in order for your box 17 code V information to be correctly input into TurboTax. You'll see boxes to click for the Ordinary Income, the W-2 wages, and the unadjusted basis (UBIA of qualified property).
To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to enter your K-1 or find the K-1 you need to edit.
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