Report the Section 199A from Schedule A so that the qualified business income deduction may be calculated.
At the screen Enter Box 17 info, you likely need to select code V Section 199A information. A value does not have to be entered. Click Continue.
At the screen We need some information about your 199A income, select the box to the left of items that need to be entered. An entry box will open up.
You will likely need the following information which may be found on the Schedule A enclosed with your K-1:
- Ordinary business income (loss) from this business, and
- UBIA of qualified property for this business.
Enter these values for the qualified business income deduction to be calculated.
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