AliciaP1
Expert Alumni

Get your taxes done using TurboTax

If your K-1 has Qualified Business Income that makes you qualified for the deduction, you will see an amount in box 17 with code V.  You should then also have a "Statement A--QBI Pass-through Entity Reporting" along with your K-1.

 

When you input your K-1 information into TurboTax, there are a couple follow-up questions and then TurboTax will calculate your allowable deduction.

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