Hi. I am hoping to get your help figuring out what fields have the amounts I need to enter into TurboTax Online. I have tried using Live Chat but to no avail, because the live accountants can't see my business forms. I need your help!
Background
I own 100% of an S Corp and am also an employee of the company. I use TurboTax for Business (desktop) to do my business taxes. The desktop app auto-generates the business forms shown/mentioned here.
TurboTax Online Form
I am now entering data from my K-1 into TurboTax Online but have hit a snag. It is asking me to fill in amounts for Box 17, K and V (see screenshot below).
But when I look at my K-1, it says "STMT" for both of these. There is no "amount" listed. Furthermore, the next page in my return also tells me to see the Section 179 Disposition report for code K (see screenshot below).
Box 17, code K
When I look at the 179 Disposition Report, there are several numbers on it. I don't know which one to enter into TurboTax Online for Box 17, code K (see screenshot below).
Box 17, code V
It's a similar story with the 199A worksheet to get the amount for Box 17, V. There are three values in the worksheet I can choose from. I don't know which one TurboTax Online wants. Is it ordinary business income, W-2 Wages, UBIA of qualified property, or Section 199A dividends?
Get your taxes done using TurboTax
@its-just-me Your Statement A should have all of the categories with a figure or figures in those categories which you would enter in your personal income tax return.
Get your taxes done using TurboTax
Thank you so much @tagteam! That is definitely what I am looking at. So are you suggesting that I create three entries for V to reflect the three different amounts I have?
Get your taxes done using TurboTax
Also, a few screens after the one asking me for Box 17 info., I am asked for the details of my 199A income. Here, I can enter every value from the 199A. So I'm not sure about the "V" box
