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Business & farm
I am getting the same error. I get to the K1 box 17, it has V - "STMT" on the actual K1
I enter V in box 17 in turbo tax, leave the quantity blank
Go through other entries until it get to the "more information", where I I have both W2- wages and UBIA
I check both boxes, enter
W2 - $4392
UBIA - $141
continue through worksheet. I get no errors, etc.
Smart Check then flags it as an error with "Sch K-1 Wks-S Corporations (companyName): Box 17 Code V has been selected but no section 199A income has been entered on Statement A.
in the "schedule k-1 form 1120S " form, in section D1 "Shareholders share of QBI or qualified PTP items", it has the W2 wages I entered and the UBIA I entered. everything else in this section is blank.
I'm at a loss here as to what I need to do. I've done an update, deleted the K2 form an re-entered everything. same issue