I received a S-Corp K-1 with Code V in Box 17. In the amount column, it says :"STMT" Attached to the K-1 is a statement that includes the following (rounded):
Ordinary Income $5000
W-2 Wages $40,000
Unadjusted Basis $1500
Do I enter the sum of these three items ($46500) using Code V or do I need to show them separately somehow? I've seen explanations that say that Code W is for Wages and Code X is for Unadjusted Basis but my K-1 lists these three items on the Code V statement with no reference to the W and X codes and Turbotax just has "Reserved" next to these other codes in the dropdown..
Thanks, Bill
