If you have multiple items on your Statement A for Code V in Box 17 of your K-1 (S-Corp), you will need to enter each item separately on the Screen on TurboTax for Box 17. For example, if Statement A for Code V on your K-1 has an amount for Ordinary Business Income ($1,000), and W2 Wages ($15,000), and UBIA qualified property ($50,000). Box 17 in TurboTax will be:
V - Section 199a information $1,000
V - Section 199a information $15,000
V - Section 199a information $50,000
*** enter negative amounts with (-) sign in front of amount.
On the screen: We need some information about your 199a income or loss, select each item reported on and enter the amounts associated with each as reported on Statement A for Code V.
