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Get your taxes done using TurboTax
I have an 1120-S K-1 that has Line 17 code V STMT. On Statement A QBI Pass-Thru, there are 3 different sources, one is the corp filing the K-1 and the other 2 are pass-throughs from other entities. Turbotax Home & Business incorrectly builds / applies the 199A worksheets so that information can be mixed among sources even if the totals are correct (this also happens when you add QBI worksheets). After trying most of a day to figure out and look online for fixes, my best solution was to create 3 different K-1's for this corp, each with its own QBI worksheet. Totals and sources all come out correct this way. Ttax should fix this problem, is not fixed as of 4/19/20 including latest updates.
‎April 20, 2020
7:38 AM