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Get your taxes done using TurboTax
Thank you -- hoping for some clarification still.
There is one K1.
For line 17, it says STMT.
On the statement, it subdivides the corporation into two parts, one retail (qualified business income), one healthcare (service business income). Each subdivision has a separate group of 17/17V/17W etc. TurboTax won't let me enter two separate 17V entries for the same K1. It also won't let me choose both Yes specified services and No specified services. I either have to choose one or the other.
Is there any way to do this other than to have the accountant generate two separate K1s? Thank you!
‎February 10, 2021
10:27 PM