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Deductions & credits
The box 17 code V STMT will typically report some income or loss from that S Corporation, that correlates with the income or loss reported on that K-1 (e.g., box 1 ordinary business income). So, in addition to the W-2 wages and UBIA, I would expect to also see an amount for business or rental or other type of income/loss on that STMT. When that Section 199A income/loss amount is entered on the "We need some more information about your 199A income or loss" screen, you error should go away.
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March 23, 2020
11:19 AM