- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
using Turbo Tax Deluxe for the personal return.
Turbo Tax Business generated the K-1 that has V* as the code for line 17 and the word STMT where the amount normally shows. The IRS Publication says that is what it is suppose to show and V* is a valid code for the entry on the tax return with the work STMT in the amount field. Then the numbers are entered on another section to calculate the tax credit which is what STMT refers to.
My assumption is you do not work for Intuit?
‎January 30, 2020
2:26 PM