If your K-1 is from a partnership (form 1065), you need to look in box 17(v) for the section 199A income. If your K-1 is from an S corporation, you need to look in box 20(z).
The section 199A income is qualified business income (QBI) and you may get a deduction for it on your tax return. Also, you may have to look for a statement attached to your K-1 schedule to find the amount, it may not be listed directly on the K-1 schedule.
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